Managers allocate less to global equities, more to bonds Money managers' global equity allocations continued to decline, while their global bond allocations rose from a record low, said Bank of America Merrill Lynch's monthly fund manager survey released Tuesday. Managers' global equity allocations dropped to a net 41 percent overweight this month, down from a net 43 percent overweight in February, while their global bond allocations rose to a net 64 percent underweight from a record low of a net 69 percent underweight last month. (Investment News)