Fund managers hold record low in cash as sentiment hits four-year high
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Fund managers hold record low in cash as sentiment hits four-year highListen(3 min)Listen(3 min)Plummeting cash levels perfectly illustrate the extent of fund manager optimism at present. Bank of America’s global fund manager survey released Tuesday points to all-time low cash levels of just 3.3%, down from 3.7% in November. Such bullish positioning, notes the report’s author Michael Hartnett, represents the biggest headwind for risk assets. Investors are all-in already.About the AuthorJules Rimmer is a markets reporter in London.Rimmer spent more than 30 years as a trader and stockbroker in financial markets, starting at Salomon Brothers in the Liar's Poker era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec. He hung up his headset and pivoted to journalism in 2021.Copyright © 2025 MarketWatch, Inc. All rights reserved.