Money Managers Controlling $523,000,000,000 Say One Asset Class Will Outperform US Stocks, Gold, and Bonds Over the Next Five Years, According to Bank of America Survey

A new Bank of America (BofA) survey shows fund managers across the globe believe one asset class is poised to produce superior returns in the years ahead.

BofA’s Global Fund Manager Survey, which polled 190 respondents overseeing $523 billion in wealth, finds that 54% of managers believe that international equities will be the best-performing asset class in the next five years, reports Investing.com.

Meanwhile, 23% picked US equities, 13% had their eye on gold and 5% chose bonds.

Looking closer at the equities market, BofA’s monthly survey shows that fund managers are increasing their allocation in eurozone and emerging market (EM) stocks while trimming positions in US names. Specifically, they are bullish on stocks trading in the energy and banking sectors as they move capital

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