The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A screen displays the trading price for Bank of America and Black Rock stocks on the floor of the New York Stock Exchange.
A screen displays the trading price for Bank of America and Black Rock stocks on the floor of the New York Stock Exchange.
(BRENDAN McDERMID/REUTERS)

Cautious money managers shifting to ‘value’ stocks: survey

If you’re wondering if recent market jitters mark the beginning of a turbulent bout for stocks, you’re not alone: Professional money managers are turning cautious on the market, raising cash levels, lowering expectations and turning to the perceived safety of cheaper “value” stocks.

That’s the takeaway from Bank of America’s latest survey of 224 global fund managers with a combined $675-billion (U.S.) of assets under management, representing a substantial slice of the so-called smart money.