“Long Magnificent 7” once again world’s most crowded trade, BofA survey finds

London (Reuters) -BAFA’s monthly funding manager survey, with great US technology stocks, once again the most popular trade, because optimistic earnings for the global economy and a better emotion sends investors to stocks.

169 participants in the August survey, 413 billion dollars under the administration, the most crowded trade, including Nvidia and a group of US technology stock, including “long magnificent 7”, he said. Microsoft.

Strong gains helped Big Tech shares back sharply because they caused Sellloff in April. The survey, which was published on Monday, was last seen as the most crowded trade in March.

The broader sense of investor recovered in August, and only 5% of asset managers were positioned for a harsh landing characterized by sharp slowing in economic growth.

The net 14% of the respondents were overly overweight global stocks since February, but in December, the net was 49% overweight.

(Reporting by Alun John; Editing by Amanda Cooper)