BofA Survey: Fund Managers Panic-Buy Downside Protection, Rush Out Of Equities
Zero Hedge -

According to the latest BofA Merrill Lynch February Fund Manager Survey (163 participants with $510BN in AUM responded), active managers finally got reacquainted with gravity and were not happy with the experience, or as BofA puts it, investor anxiety is palpable, "but does not give the all clear to buy the dip."

 

Here are the survey highlights

A record one-month jump in net % of investors indicating they have taken out protection against a sharp fall in equity markets in the next 3 months, at...

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