Enthusiasm for stocks is waning among professional investors

Frankfurt International investors are acting somewhat more cautiously with equity investments, more pessimistic about the economy, but less concerned about the increased inflation. This is the result of a survey by Bank of America of 232 international investment managers who manage a good $ 800 billion.

A net 50 percent of those surveyed said they were overweight equities. That is a significant decrease compared to a high of a good 60 percent in April. In this case, net 50 percent means that 50 percent more are overweight than those who are not – so there is still a majority of optimists.

Bonds remain unpopular given the low current income and the prospect of falling prices as interest rates rise. The consensus remains that there are no good alternatives to stocks.