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Global investors stay 'uber-bullish' but warn companies are overinvesting.

stock :: 13hrs ago :: source - reuters

By Reuters

(Reuters) Global investors are increasingly worried that ‌companies are overinvesting, just as ‌market sentiment remains “uber‑bullish” and further asset gains ​look harder to achieve, Bank of America’s monthly fund manager survey showed on Tuesday.

The poll of 162 ‌managers overseeing $440 ⁠billion found cash balances rose to 3.4% from January’s ⁠record‑low 3.2%, while investors stayed heavily overweight commodities and equities ​and deeply ​underweight bonds.

Macro ​optimism improved further, ‌with expectations for a global “boom” at the highest since February 2022 and forecasts for earnings growth topping 10%, their strongest since 2021. ‌But a record share ​of respondents said ​companies are ​spending too aggressively, and ‌chief investment officers now ​favour ​strengthening balance sheets over increasing capital expenditure.

AI bubbles once again topped ​the ‌list of investors’ biggest tail ​risks.

(Reporting by Danilo Masoni; Editing ​by Amanda Cooper)


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