Global fund managers reduced their cash positions by 0.5 percentage points month-over-month, bringing total cash levels down to 3.6%. This figure represents one of the lowest liquidity levels recorded in the past 13 years.
Findings from a Bank of America survey of 181 institutional participants, managing a combined $484 billion in assets, highlight the aggressive shift into equities. The data suggests that professional investors are deploying capital at rates rarely seen over the last decade.