FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. REUTERS/Shohei Miyano/File Photo
LONDON (Reuters) - Investors have ramped up their underweight tech position to its largest in more than 15 years as central bank tightening remained the top risk to global markets in 2022, according to a monthly fund manager survey by BoFA Securities.
Cash allocations jumped to their highest level since May 2020, according to the U.S. investment bank which polled 363 investors with more than $1 trillion of assets between Feb. 4 and Feb. 10.
