Allocation to emerging market equities fell by 23% points month-on-month in December. Global fund managers are shrinking their cash holdings and investing heavily in U.S. stocks, pushing a key indicator to a level that Bank of America believes could signal an impending sell-off in global equities.

<p>Allocation to emerging market equities fell by 23% points month-on-month in December. Global fund managers are shrinking their cash holdings and investing heavily in U.S. stocks, pushing a key indicator to a level that Bank of America believes could signal an impending sell-off in global equities.</p>

- Allocation to emerging market equities decreased by 23 percentage points in December.  
- Global fund managers are reducing cash holdings and significantly investing in U.S. stocks.  
- This trend has raised concerns at Bank of America about a potential sell-off in global equities.  

Benzinga

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