Here’s where top fund managers are investing their money right now

first_imgHere’s where top fund managers are investing their money right now Edward Sheldon owns shares in GlaxoSmithKline. The Motley Fool UK has recommended GlaxoSmithKline. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Edward Sheldon, CFA Image source: Getty Images Enter Your Email Addresscenter_img Edward Sheldon, CFA | Thursday, 30th July, 2020 Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Keeping an eye on what professional portfolio managers are doing is a smart move. Not only can it help you identify investment opportunities, but it can also help you avoid risks.With that in mind, I want to highlight the findings from Bank of America’s (BoA) July Global Fund Manager Survey. This is a monthly survey that canvasses the views of around 200 institutional, mutual, and hedge fund managers around the world. Here’s a look at where top portfolio managers are putting their money right now.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The pros are investing in these sectorsIn terms of sectors, the two most popular among those surveyed were Healthcare and Technology. Meanwhile, the most out-of-favour sectors with portfolio managers were Energy, Banks, and Industrials.It’s not hard to see why the pros are investing in Healthcare and Technology right now.As I explained recently, Healthcare has a number of things going for it at the moment. For starters, it’s leading the fight against Covid-19. Any company that successfully creates a vaccine (both AstraZeneca and GlaxoSmithKline are engaged in Covid-19 vaccine development) is likely to do very well.Secondly, Healthcare is a highly resilient sector. That makes it attractive in the current economic climate. Third, Healthcare looks set for strong growth in the long run due to the world’s ageing population.The Technology sector also has a lot going for it right now. It’s technology that’s helping us work from home, shop from home, and communicate with friends and family throughout the Covid-19 pandemic.Going forward, the tech sector is likely to continue growing at a rapid rate as technology continues to disrupt industries. If you’re looking to invest in the Technology sector, you’ll find plenty of opportunities on the London Stock Exchange.This is what keeps portfolio managers awake at nightOn the risk side, the fund managers surveyed said a second wave of Covid-19 was one of the main investment risks on the horizon. Over 50% of respondents ranked this as the top risk. The upcoming US presidential election was another risk on the minds of the pros.Meanwhile, around three out of four fund managers said US technology/work-from-home stocks are the most ‘crowded’ trades at the moment. That was the highest reading in the survey’s history, which is certainly something to keep in mind. Around 70% of those surveyed also said that parts of the stock market were overvalued.It’s worth pointing out that cash levels among fund managers reached 4.9% in July, up from 4.7% in June. This suggests the pros want to have plenty of cash on the sidelines so that they can take advantage of investment opportunities if there’s another stock market crash.The best investment opportunities?All in all, there were certainly some interesting takeaways from this month’s BoA fund manager survey. One key takeaway was that the pros believe the Technology and Healthcare sectors offer the best investment opportunities at present. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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