Tech holds the crown, but defensive positioning grows: BofA survey

Technology stocks continue to be the favored choice among investors, according to a recent survey by Bank of America. However, a growing number of Asia fund managers are taking a more cautious approach, with 59% of them hedging against potential losses in the AI sector by investing in value, cyclical, and defensive sectors. This shift towards defensive positioning suggests that investors are becoming increasingly concerned about the potential risks and uncertainties in the market.

Why it matters

Investors still prefer technology, but are becoming more cautious. This shift in sentiment could lead to a decrease in risk-taking and an increase in defensive investments.

Market impact

Transmission channels

Likely winners & losers

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