美银调查：投资人正将更多资金投入股市，而非持有现金避险

Core Insights - The global economic growth expectations have significantly improved according to the latest Bank of America global fund manager survey [1] - There is an increasing bet on substantial interest rate cuts by the Federal Reserve, which has enhanced risk appetite among investors [1] Group 1: Market Sentiment - The cash holding ratio among global fund managers has remained low at 3.9% for three consecutive months, indicating a shift towards equities [1] - The net increase in stock allocation has reached the highest level in seven months, reflecting a growing confidence in the market [1] Group 2: Economic Concerns - Concerns over a global recession driven by trade wars have significantly decreased, with attention dropping from 29% in August to 12% [1] - The second wave of inflation has emerged as the primary tail risk for fund managers [1] Group 3: Interest Rate Expectations - 47% of fund managers anticipate that the Federal Reserve will cut interest rates four times or more in the next year [1] - Among these, 30% expect four cuts, 17% expect two cuts, and 29% expect three cuts, indicating a notable increase in rate cut expectations compared to previous levels [1]