A man points at a computer screen showing stock information in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau
LONDON (Reuters) -High-flying tech stocks, the darling of the pandemic, are the most shunned counters in the opening weeks of 2022 as investors see a flurry of rate hikes from central banks as the top risk to markets, investor surveys said on Tuesday.
A BofA survey conducted from Jan 7-13 among investors with combined assets under management of more than $1.2 trillion showed fund managers had cut their overweight positions to their lowest levels since December 2008.
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