BofAML survey: Investors' risk-taking hits all-time high

The November survey, which consisted of 209 panellists, found allocations to global equities had increased to net 49% overweight, the highest level since April 2015. Furthermore, average cash balances of portfolios fell to 4.4% from 4.7% last month, the lowest level since October 2013 and below the 10-year 4.5% average, while the net share of investors taking out protection against a correction in markets decreased this month to -37%. The 'Goldilocks' scenario, a combination of low inflation and strong growth, has become the "consensus" view for the global economy, with 56% of investo...