278 ACTIVE GEM FUNDS, AUM $312BN Saudi Arabia Financials: New Highs The ownership picture for Saudi Arabian Financial stocks is changing. The addition of Saudi Arabia to the MSCI Emerging Markets index, high oil prices, China concerns and a pullback in Tech have all worked in Saudi’s favour over the last couple of years. Time Series Analysis & Stock Holdings …
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278 Active GEM Funds, AUM $312bn GEM Fund Positioning Analysis, November 2022 In this issue: Saudi Arabia Financials: New Highs Thailand Health Care Recovery India Technology: Vulnerable Construction Materials: Rock Bottom 278 Active GEM Funds, AUM $312bn Saudi Arabia Financials: New Highs Ownership levels in Saudi Arabian Financials have hit new highs. Exposure among active EM funds has …
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276 Active UK Funds, AUM $161bn UK Fund Positioning Analysis, November 2022 In this issue: UK Energy: Investors Split as Tentative Rotation Begins UK Airlines: How Low Can They Go? UK Apparel/Footware Surge The Vodafone Exodus 276 Active UK Funds, AUM $161bn UK Energy: Investors Split as Tentative Rotation Begins Average holding weights in the UK Energy sector …
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359 Active Global Funds, AUM $832bn Consensus Positioning Consensus positioning is something that is often discussed in investment circles. More often then not it tends to be anecdotal: “Everybody owns insert stock, nobody is overweight insert country” etc etc. The fact is, there are very few consensus positions in Global investing, with a vast opportunity set of thousands of companies …
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275 Active UK Equity funds, AUM $141bn Q3 Performance & Attribution UK Funds suffered another negative quarter, both in absolute terms and relative to the benchmark FTSE All Share benchmark. Only 25% of the funds in our analysis managed to beat the index, lead by poor performance from the Value and Small/Midcap end of the spectrum. Underperformance was driven by …
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280 Active GEM Funds, AUM $325bn Mexico Mexican exposure among active EM investors continues to grind higher. Rotation among managers this year has moved Mexico to the largest country overweight in EM, with current levels of +1.22% above benchmark the highest on record. In this analysis, we look at the underlying fund holdings that make up this picture, and highlight …
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358 ACTIVE GLOBAL FUNDS, AUM $930BN North American Rotation Active Global investors are at record allocations in North American stocks. Driven higher by rising Health Care, Industrials and Energy exposure, North America continues to take market share from the key regions in Europe and Asia. Yet with Global investors still underweight North America, does this rotation have further to run? …
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275 Active UK Funds, AUM $141bn. UK Stock Sentiment Investment levels among the hundreds of stocks in the investible UK universe differ greatly. Some stocks are widely owned, others largely avoided by UK active managers, with ownership levels changing every month. We combine current and historical positioning against shorter-term manager activity to get a handle on where sentiment lies for …
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Asia Ex-Japan China A-Share MSCI China Greater China China Semiconductors With US sanctions hitting Chinese domestic Semiconductor stocks this week, we analyse allocations in the China & HK Semiconductor Industry group among Asia Ex-Japan, MSCI China, China A-Share and Greater China actively managed equity funds. Without the distraction of Taiwan technology or HK listed internet stocks, China A-Share funds are …
Continue Reading92 Asia Ex-Japan Funds, AUM $52bn, 115 China A-Share Funds, AUM $57bn, 117 MSCI China Funds, AUM $44bn, 45 Greater China Funds, AUM $15bn China Semiconductors With US sanctions hitting Chinese domestic Semiconductor stocks this week, we analyse allocations in the China & HK Semiconductor Industry group among Asia Ex-Japan, MSCI China, China A-Share and Greater China actively managed equity …
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