UK Homebuilders: Momentum Reversal Among UK Equity Managers

272 UK Equity Funds, AUM $185bn Homebuilders: Negative Momentum Sentiment reversal in UK Homebuilding sector drives fund weights to 6-year lows.   Long-Term Trends & Short-Term Fund Activity UK active funds continue to scale back exposure to the Homebuilding sector.  The bullish ownership trend that stretched the best part of the last decade has peaked, reversed, and continues to track …

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UK Fund Positioning Analysis, February 2023

272 UK Equity Funds, AUM $185bn UK Fund Positioning Analysis, February 2023 In this issue: Homebuilders: Negative Momentum Abrdn: Structural Decline UK Rising Stars   272 UK Equity Funds, AUM $185bn Homebuilders: Negative Momentum Sentiment reversal in UK Homebuilding stocks drives fund weights to 6-year lows.   Long-Term Trends & Short-Term Fund Activity UK active funds continue to scale back …

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Greece: Confidence Returns Among EM Investors

270 emerging market Funds, AUM $360bn Greece: Confidence Returns Among EM Investors Active EM investors are beginning to pay renewed attention to Greece as evidenced by record average weights, increasing fund ownership and a net overweight stance.   Time-Series & Peer Group Positioning Greek allocations among active EM investors have risen to record levels.  With Russia’s deletion from the CEEMEA …

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China Fund Positioning Analysis, February 2023

220 China Equity Funds, AUM $107bn China Fund Positioning Analysis, February 2023 In this issue: Hotels/Resorts/Cruiselines: Breaking Out Pinduoduo: Entering the Big League China A-Shares Rising Stars MSCI China Fund Characteristics   120 MSCI China Funds, AUM $53bn Hotels/Resorts/Cruiselines: Breaking Out Rotation in to the Hotels/Resorts/Cruiselines industry group pushes ownership levels to all-time highs.   First Casino’s, then Restaurants and …

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GEM Fund Positioning Analysis, February 2023

270 emerging market Funds, AUM $360bn GEM Fund Positioning Analysis, February 2023 In this issue: China Banks: Optimism Fading EM Restaurants: High Conviction Theme Greece: Gaining Traction Active Quant Portfolios   270 emerging market Funds, AUM $360bn China & HK Banks: Optimism Fading Lack of faith in China & HK Banks as positioning slumps to all-time lows.   Time Series …

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Consensus Overweight in UK Stocks

358 Global Equity Funds, AUM $914bn Overweight Consensus in UK Stocks A record 70.4% of Global Funds are now positioned overweight the UK.   Time-Series & Country Activity The majority of active Global Funds are expecting UK equities to outperform.  Relative to the SPDRs ACWI ETF, a record 70.4% of funds are positioned overweight (ch4), with average fund weights +1.94% …

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Global Fund Positioning Analysis, February 2023

358 Global Equity Funds, AUM $914bn Global Fund Positioning Analysis, February 2023 In this issue: Investment Managers: Out of Favour Consensus Overweight in UK Stocks EMEA Technology Rotation 358 Global Equity Funds, AUM $914bn Investment Managers: Out of Favour Sentiment in the Investment Managers industry group is at rock bottom. Time-Series and Industry Activity Global fund allocations in the Investment …

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Vietnam: Time to Invest?

89 Active Asia Ex-Japan Funds, AUM $55bn Vietnam. Time to Invest? Vietnam is attracting growing interest from Asia Ex-Japan active managers, yet still over two-thirds of funds remain uninvested.   Fund ownership in Vietnam has resumed its upward trajectory after a brief consolidation between mid 2020-2021. The 32.6% of funds invested (ch3) is the highest on record, whilst average weights …

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Asia Ex-Japan Fund Positioning Analysis, February 2023

91 Active Asia Ex-Japan Funds, AUM $55bn Asia Ex-Japan Fund Positioning Analysis, February 2023 In this issue: Adani Group of Companies: Actively Uninvestable Vietnam: Time to Invest? Indonesian Financials: Consensus Overweight Asia Ex-Japan’s Rising Stars   89 Active Asia Ex-Japan Funds, AUM $55bn Adani Group of Companies: Actively Uninvestable Active Asia Ex-Japan investors never warmed to the Adani group of …

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UK Fund Positioning Analysis, January 2023

272 UK Equity Funds, AUM $174bn UK Fund Positioning Analysis, January 2023 In this issue: 2023 UK Fund Positioning Update UK Banks: Value Funds Drive Return SSE Ltd: High Conviction Growth Holding   272 UK Equity Funds, AUM $174bn 2023 UK Fund Positioning Update In this report, we look at the latest allocations among the 272 active UK funds in …

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