Fund manager surveys show that in May, fund managers made record-breaking portfolio adjustments, with panic buying reaching the highest levels in decades.


Before May 2026, due to various geopolitical pessimistic expectations or macroeconomic uncertainties, a large amount of global institutional funds are likely to be in cash, light positions, or defensive allocations.
And as the recent market rebound or a major negative catalyst is fully priced in, these previously "missed" institutions can no longer sit still.
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