Global investors dump holdings of US stocks at record pace, BofA survey says

LONDON (Reuters) – Global investors have slashed their holdings of U.S. stocks by a record amount in the past two months, and think a trade war that triggers global recession is the biggest risk for markets, BofA Global Research said on Tuesday, Respondents to BofA’s monthly survey of fund managers were a net 36% underweight U.S. equities, the most in nearly two years, a number that has plunged