BofA Global Fund Manager Survey Cash Levels

BofA Global Fund Manager Survey Cash Levels tracks the average cash allocation reported in the BofA Global Fund Manager Survey. It is widely used as a sentiment gauge for institutional risk appetite.

Lower cash levels are often read as a sign that investors are already heavily committed to risk assets, while higher cash levels usually signal a more defensive posture.

Because there is no stable public API for the series, MacroChart maintains it from public monthly survey summaries. It is most useful alongside VIX, credit spreads, equities and policy-rate indicators.