Learn more

LONDON (Reuters) – Investors turned more bullish in December, buying stocks and reducing cash holdings on expectations the U.S. Federal Reserve has finished raising interest rates and the global economy will avoid a deep recession, BofA’s fund manager survey on Tuesday showed. Investors are at their most overweight equities relative to cash since January 2022, according to a survey of 219 participants with $611 billion of asssets under management. They are still overweight cash, but at their least overweight since April 2021, and their most overweight on equities since February 2022, the surve…