Investors Slash Stock Allocation to Lowest Levels Since 2008 Financial Crisis, BofA Poll Finds

Specialist Douglas Johnson works on the New York Stock Exchange's trading floor on May 23, 2022. David L. Nemec/New York Stock Exchange via AP

Investors have slashed their stock allocations to the lowest level since the collapse of Lehman Brothers during the financial crisis of 2008–09, a new poll found.

According to Bank of America’s (BofA) latest monthly survey of global fund managers, investors’ expectations of international growth and corporate profits fell to levels not seen since the economic collapse more than a decade ago. The survey also discovered that investors’ exposure to cash rose to a 21-year high.