Our weekly roundup of industry highlights

Managers underweighting U.S. stocks highest since 2008 According to Bank of America Merrill Lynch's most recent fund manager survey, allocations to U.S. stocks have reached 20% underweight, Bloomberg reports. The last time that percentage was greater was in January of 2008, when the S&P 500 was near its previous peak before crashing during the financial crisis.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.