The bank’s monthly fund manager survey is required reading for many investors.
(Photo: imago/Levine-Roberts)
Frankfurt Russia’s war of aggression against Ukraine is making international investors extremely skeptical about the stock markets. 60 percent, twice as many as a month ago, fear a bear market in equities. That’s according to Bank of America’s (BofA) closely watched monthly survey of institutional investors.
Investors speak of a bear market when a stock index is at least 20 percent below its all-time high. After that, there are usually more losses.
European share indices such as the Dax and the Euro Stoxx 50 had already reached such a bear market in the meantime, but then recovered at least somewhat. The US index S&P 500 held up better with a minus of 14 percent at the top. But that shouldn’t have been it.
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Web and in our app free of charge for 4 weeks.
further