Fund Managers anticipate economic soft landing in 2023, switching from cash to equities

<p>A snippet on Bank of America's most recent monthly Global Fund Manager Survey (FMS)</p><ul><li>fund managers are the ‘most upbeat’ since Jan' 2022 … “December FMS investor sentiment improved to its least bearish level since January 2022"</li><li>managers are anticipating an economic soft landingnext year</li><li>“December FMS investor sentiment improved to its least bearish level since January 2022"</li><li>more than half expect weaker global growth, but 70% see a “goldilocks” scenario and are thus switching out of cash (lowest overweight to cash since April 2021) into equities, holding on to "Magnificent Seven" tech stocks, increasing holdings of banks and small-caps</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.