BofA update shows where active managers are putting money
Investing.com - Bank of America reported strong demand for the euro last week despite overall neutral U.S. dollar flows, according to its latest investor positioning data released Monday.
Hedge funds showed notable interest in the euro while maintaining relatively light positions, contrasting with net supply of U.S. dollar, Japanese yen, and Australian dollar, the bank’s weekly flow report indicated.
Japanese yen flows turned negative last week as both hedge funds and real money investors reduced their long positions, marking a shift in sentiment toward the currency.
The British pound saw positive flows with both hedge funds and real money investors increasing their exposure from previously light positioning levels, Bank of America data showed.
Bank of America maintains a bearish outlook on the Japanese yen in the near term, citing elevated political and fiscal risks referenced in its August 1, 2025, Global FX weekly report, while expressing a constructive view on the British pound with a recommendation to buy on dips around the Bank of England meeting.
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