Beim Nasdaq bin ich skeptisch, allerdings gibt es viele Valueaktien besonders in Europa, die m.E. attraktiv sind.
April 14, 2020
Fund managers’ cash levels rose to the highest since 9/11, Bank of America found in a survey this month.
Auszug
Fund managers are sitting on the highest levels of cash since the terrorist attack in New York on September 11, 2001 — a sign of their heightened concern in the coronavirus downturn, according to Bank of America Corp.
Investor pessimism rose to an “extreme” level this month, with cash levels jumping to 5.9 percent, from 5.1 percent in March, Bank of America found in its monthly survey of fund managers. That compares with an average 4.6 percent cash balance over the past decade.
The fund managers appeared to buck the recent view of Bridgewater Associates founder Ray Dalio that “cash is trash,” as they pulled back from investing. Bank of America suggested that cash cushions represent “a contrarian buy signal” for equities, citing a fund-manager-survey rule that investors should purchase stocks when balances surpass 4.5 percent.
The bank’s latest survey found investors are “very long” cash, health care, staples, utilities, the U.S, technology, and bonds. They are “very short” energy, equities, materials, industrials, the U.K., banks, and the Eurozone.
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Russell Growth vs. Value less than 3 pct pts from the tech bubble peak.
