Investors are ignoring their own warnings The monthly Global Fund Manager Survey by Bank of America Merrill Lynch (BAML) is one of the most authoritative surveys in financial markets. In canvassing the views of 200 or so institutional, mutual and hedge fund managers around the world with some US$600 billion of assets under management, the report provides an overview of investor sentiment and sheds light on the key factors influencing the asset allocation decisions of money managers.