According to online reports, Bank of America's global fund managers survey released on Tuesday showed that global fund managers were bearish on the US dollar in May to the highest level since 2006. This reflects that U.S. President Trump's chaotic trade policies have eroded investor interest in U.S. assets. Bank of America said: "Prior to the Geneva meeting, investor sentiment was depressed, especially pessimistic about U.S. assets. Although the May survey showed a slight improvement in market sentiment from April, it was still negative, suggesting that 'painful trading' may rise slightly." The report showed that fund managers reduced their cash holdings from 4.8% to 4.5%, often seen as a sign of increased confidence. But their holdings of the dollar have reached their highest level since May 2006. Bank of America pointed out that 75% of the data in the survey was collected before the Geneva talks. (Jin Shi)