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Fund managers position for ‘boom expectations’ with tech demand at three-year lows, Bank of America survey finds

Fund managers are increasingly making a “late cyclical” push, according to a closely watched monthly survey released on Tuesday.

The Bank of America global fund manager survey for May found that investors were increasingly positioned to what it called “boom expectations” — with exposure to commodities, banks, materials, industrials, and U.K. and emerging market assets at highs relative to the last decade.