BofA survey shows tech overweight at highest since August 2020
In short
Bank of America’s survey says 37% of fund managers are now overweight tech, up from 30% last month. That is the highest level since August 2020. It also says 45% think there could be an AI bubble next year, while 42% do not.
This matters because it shows investors are still leaning into tech even as some worry about an AI bubble. The report does not say how markets reacted right away.
What the reporting says
Bank of America’s survey showed global fund managers’ overweight position in tech rising to 37% from 30% last month, the highest since August 2020. The publisher summary also says 45% of respondents expect an AI bubble next year, while 42% do not. The reporting does not say which regions or funds changed positions, or whether the survey shifted markets immediately.
Why it matters
Bank of America’s survey found the share of fund managers overweight on tech rose to 37% from 30% last month, the highest since August 2020. The same survey showed 45% expect an AI bubble next year and 42% do not. The event matters for global tech positioning and sentiment, but the reporting does not identify specific markets or companies affected.