Fund Managers Raise Tech Allocation But Mag 7 Judged as Crowded, BofA Survey -- Market Talk

Dow Jones12-16 20:09

1209 GMT - Fund managers are increasing their allocation to technology stocks, even as investors say the magnificent seven companies--Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla--are a crowded trade, Bank of America says in its December European fund manager survey. Managers surveyed are a net 21% overweight technology, a 12-point rise on last month, and the survey records the biggest rotation into tech stocks since July 2024. At the same time, 54% of fund managers say that "long magnificent seven" is the most crowded trade. Global fund managers are underweight energy more than any other equity sector, with energy at a net 26% underweight this month. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

December 16, 2025 07:09 ET (12:09 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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.

Comments

We need your insight to fill this gap
Leave a comment