BofA Fund Manager Survey: Commodity overweight at the highest since December 2022, Equity overweight at the highest since December 2024
Newsquawk Staff ·
BofA Fund Manager Survey: Commodity overweight at the highest since December 2022, Equity overweight at the highest since December 2024.
What it means
The BofA Fund Manager Survey indicates a notable increase in allocations towards commodities and equities, suggesting a bullish outlook among fund managers. The commodity overweight being at its highest since December 2022 may reflect concerns over inflation and supply issues, while the equity overweight at its highest since December 2024 could signal confidence in economic recovery. This sentiment could lead to heightened volatility in related asset classes as managers position for expected market shifts.
- BofA Weekly Flow Show (w/e 14th Oct):
- US PCE/Fed sell-side commentary after CPI: Pantheon now expects the Fed to hike by 25bps in December
- BofA Fund Manager Survey suggests that a US 10-year Treasury yield at 5.9% would prompt a shift in allocations from equities into bonds
- BofA Flow Show (w/e 30th September): USD 18.8bln to bonds, 15.8bln to stocks, 0.9bln to crypto, 0.7bln to gold, 118.0bln from cash on quarter-end; Bull and Bear indicator 8.8 (prev. 9.3)
- BofA Flow Show: Bull & Bear indicator 9.3 (prev. 9.5)
Related headlines
- Month & Quarter End Rebalancing: Barclays see weak USD sellingSep 24
- Newsquawk European Market Wrap - 12th October 2026Oct 12
- Newsquawk Weekly US Earnings Estimates - 10-14th August 2026: Earnings calendar thins significantly next week; CSCO and AMAT the highlightsAug 07
- Newsquawk Weekly US Earnings Estimates - 10-14th August 2026: Earnings calendar thins significantly next week; CSCO and AMAT the highlightsAug 07
- Newsquawk Week In Focus - 10-14th August 2026 - Highlights include: US CPI, US Retail Sales, RBA, BoJ SOO, and UK GDPAug 07
- Intel (INTC) appoints Dean Jarnac as Executive Vice President and Chief Sales Officer, effective September, reporting to CEO, Lip-BuTanAug 07
- Illinois Tool Works (ITW) announces a 7% dividend increase alongside a USD 6bln share buyback programme.Aug 07
- Newsquawk Daily US Earnings Estimates - 10th August: SPG, FERG, RKLB, HIMSAug 07
- Fed Cook's lawyer says there is no valid cause for removing Cook; will challenge the latest pretext and preserve Cook's position and role at the FedAug 07
- Houthis says have struck Saudi-backed forces, depots, and military equipment with central Yemen, MaribAug 07
- Baker Hughes rig count: Total unch at 588, oil +3 at 454, nat gas -3 at 124Aug 07
- Russian sanctions bill said to be on track to pass the Senate voteAug 07
- US President Donald Trump is moving forward with his attempt to remove Lisa Cook from the Federal Reserve over unproven allegations of mortgage fraud, ABC reports, citing sourcesAug 07
- Iraqi Islamic Resistance says we postponed the response to Saudi Arabia, Fars reportsAug 07
- OpenAI slows release of Astra model citing cyber capabilities, reports AxiosAug 07