"Long Magnificent 7" once again world's most crowded trade, BofA survey finds

LONDON (Reuters) -Owning big U.S. tech stocks is once again the most popular trade, according to BofA's monthly fund manager survey, as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. 45% of the 169 participants in August's survey, who have $413 billion in assets under management, said they thought the most crowded trade was "long Magnificent 7", a group of large U.S. tech stocks, including Nvidia and Microsoft. Strong earnings have helped big tech stocks to bounce back sharply since their tariff induced selloff in April.