Bank of America Merrill Lynch’s regular fund manager survey always contains some interesting insights about current trends in the fund management industry. November’s survey is no different. Conducted between 9 November and 14 November, after the US election results were known, 177 institutional clients working with the bank managing a total of $465 billion of assets under management, gave their views about the current state of the markets, what risk events they are worried about and how they are investing today . The stand out revelation from the responses is that the results of the election have sparked a rotation out of defensive stocks, high dividend stocks and bond proxies, into interest rate sensitive businesses such as banks.
BOA: Investors Dump Defensives And Rush To Banks
Rupert Hargreaves
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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha
