MILAN, July 14 (Reuters) - Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-linked spending and the prospect of a dovish Federal Reserve, Bank of America's latest Global Fund Manager Survey showed.
Cash allocations fell to an "uber-low" of 3.6% from 4.1% in June, level that triggered BofA's contrarian sell signal, while a record share of respondents said they expect a "no landing" for the global economy.
The survey was carried out between July 2 and July 9, after the interim deal to end the U.S.-Iran war and largely before hostilities resumed.
Key findings from the July survey in more detail:
• Investor sentiment rose to its highest level since February, reflecting optimism about economic growth, AI-related capital expenditure and expectations for easier monetary policy.
Cash allocations fell to an "uber-low" of 3.6% from 4.1% in June, level that triggered BofA's contrarian sell signal, while a record share of respondents said they expect a "no landing" for the global economy.
The survey was carried out between July 2 and July 9, after the interim deal to end the U.S.-Iran war and largely before hostilities resumed.
Key findings from the July survey in more detail:
• Investor sentiment rose to its highest level since February, reflecting optimism about economic growth, AI-related capital expenditure and expectations for easier monetary policy.
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