Institutional investors no longer view the COVID-19 pandemic as the No. 1 tail risk, according to the latest Bank of America (BofA) survey of global fund managers, an important gauge of sentiment on Wall Street.
Since COVID-19 became a global pandemic a year ago, the virus has dominated the rankings as the top tail risk by fund managers. For the first time since February 2020, COVID-19 is no longer in the top spot.
These days, investors consider the biggest tail risks to be higher than…
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