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YHD - YHD Delayed price. Currency in USD
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At close: 06:07PM EDT
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  • Reuters

    Investors dump stocks, flee to cash as growth outlook hits weakest since 2008 - BoFA

    Investors are more concerned about the outlook for global growth than at any time since the financial crisis in 2008, and they have ramped up their cash holdings to a two-year high, according to a monthly fund manager survey by BofA. The majority of investors managing about $1 trillion in assets polled between March 4 and 10 now expect an equity bear market in 2022 and allocations to global equities have dropped to their lowest levels since May 2020.