TechFlow news, May 13 — According to Jinshi Data, a global fund manager survey released Tuesday by Bank of America showed that in May, global fund managers’ bearish sentiment toward the U.S. dollar reached its highest level since 2006. This reflects waning investor interest in U.S. assets due to the chaotic trade policies of U.S. President Trump.
Bank of America stated: "Investor sentiment was weak ahead of the Geneva meeting, particularly regarding U.S. assets. Although the May survey shows a slight improvement in market sentiment compared to April, it remains negative, suggesting 'pain trade' may increase slightly."
The report showed that fund managers reduced their cash holdings from 4.8% to 4.5%, typically seen as a signal of growing confidence. However, their reduction in dollar exposure reached the highest level since May 2006. Bank of America noted that 75% of the data in this survey was collected before the Geneva talks.
