Investors reduce stocks in the US most, shows BOFA poll

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In March, investors made “the biggest”, which entered their distributions in the US, as the incorrect trade war of President Donald Trump has caused fears about the US economy and pushed the large sale of Wall Street.

Distributions in American shares I loaded 40 percent of the points, from 17 percent overweight in February before the net weight of 23 percent in March, according to a close poll of the Bank of America.

Stagflation fears, World Trade War and the end of the US exceptionalism were given as a “bull catastrophe” drivers. Reduced mood of investors per month is the largest poll after the fall of COVID-19 in March 2020.

“In the beginning of the year, investors were busy bulls, but they probably finished winter.

“What has changed is what was all bullies in the US, and it has faded significantly,” he added.

European actions took advantage. The appropriation of the Eurozone shares in the same month jumped 27 percentage points, to the highest level since July 2021. It was also the sharpest shift from the US and Europe since 1999, when BOFA recordings began.

“It is not surprising to see how funds are departing from the US market,” said Viwaym, Multi-ASSET leader at Royal London Asset Management. “This is the price for perfection, and the policy that leaves the White House is not it.”

Almost 70 percent of investors say the topic of “US exclusivity”, which pushed S&P and NASDAQ indicators to record highs after the Trump elections in November.

Interviewed investors were particularly negative in connection with technology reserves, moving to a pure 12 -percent position: the slightest distribution over two years.

The fund’s leaders were more optimistic in utilities and bank shares, while adding to the UK’s shares in their proportions.

While the investor’s cash rate increased slightly to 4.1 percent, government bonds did not take advantage of the shares; The assigning bonds decreased slightly, and most investors remain underweight.

“This is not a classic risk if you are all selling,” said Michael Metcolf, Macro-Strategy Head at Global Markets State Street Global Markets, who called the shift as “more balanced than risks.”

“This is not the way investors are preparing for a monthly bear.

He noted that “the split was quite uneven.” Stock positioning data is now showing a greater holding in European banks than in US technology. Metcalfe called this “a great shift in concentration risk since the beginning of the year.”

By March 13, on March 13, a BOFA survey was conducted, which contained $ 171 billion of assets under the leadership.