BofA Survey: Long Semiconductor Trade Remains Most Crowded

A Bank of America (BofA) survey conducted from September 4 to 10 reveals that 53% of global fund managers consider 'long global semiconductors' the most crowded trade, marking its fourth consecutive month at the top. Meanwhile, 33% of respondents expressed concerns over potential overinvestment in the sector. 'Shorting government bonds' rose to the second most crowded position at 18%, while 'long Magnificent 7' fell to 7%.