Bank of America Survey: Long Gold Positions Replace Long Magnificent Seven as Most Crowded Trade
Deep News
Oct 14
Bank of America's October global fund manager survey reveals that most investors now consider "going long gold" as the market's most crowded trade. A total of 43% of surveyed investors identified "going long gold" as the most crowded trade, surpassing the 39% who cited "going long the Magnificent Seven."
The survey also shows that 39% of investors report their current gold allocation at approximately 0%, while 19% hold around 2% allocation and 16% maintain roughly 4% allocation. According to the statistics, the weighted average gold allocation stands at just 2.4%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.