Bank of America’s survey of fund managers points to a shift in relative value perceptions, highlighting stronger conviction around gold after a multi-year stretch.
Gold is now viewed as the most undervalued asset among fund managers in more than three years, according to Bank of America’s survey. The result signals a notable change in investor sentiment, as professional money managers increasingly see the metal as cheap relative to other assets. Such surveys are closely watched for clues on portfolio positioning and risk appetite because they can indicate where institutional investors believe mispricing may offer opportunities.