FUND MANAGER ALLOCATIONS TO COMMODITIES HITS 8 YEAR HIGH - NET 7% OVERWEIGHT
According to the June Bank of America Fund Manager Survey and we would expect, since it is very late in the business cycle allocation to commodities has hit a new 8-year high, rising 1ppt to net 7% overweight, the highest since April 2012 when WTI was $105/bbl.
