Global Fund Managers Cut Cash Holdings to Record Low of 3.2%

The assessment is based on a strong consensus across multiple, independent, and credible sources. Highly authoritative news organizations like Reuters and reputable financial news sites like Investing.com explicitly state that cash holdings have fallen to a record low of 3.2%. Crucially, all relevant sources consistently attribute this specific figure to the same primary origin: the Bank of America (BofA) Global Fund Manager Survey. This consistent attribution to a well-known and specific piece of industry research significantly bolsters the claim's credibility. Even lower-authority sources corroborate the exact same data point and its origin. There is no conflicting information among the provided sources that address the topic. The irrelevant sources, such as Apple's investor relations page and the Bureau of Economic Analysis, were correctly disregarded as they do not track the asset allocations of global fund managers. The cumulative weight and consistency of the evidence strongly support the truthfulness of the statement.