92 ACTIVE ASIA EX-JAPAN FUNDS, AUM $49BN Oil Refining All-Time Highs 4 charts from our recent analysis on Oil Refining/Marketing positioning among active Asia Ex-Japan Equity Funds. Fund allocations in the Oil Refining/Marketing industry group have soared to new all-time highs this month. Average fund weights hit a new peak of 1.53%, the percentage of funds overweight increased to a …
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45 ACTIVE GREATER CHINA FUNDS, AUM $13BN Alibaba: Fighting Back 2 charts from our recent analysis on Alibaba positioning among active Greater China Equity Funds. Ownership in Alibaba Group Holdings is on the rise among active Greater China managers. Peaking in October 2020 at 88.6% of funds invested, the subsequent Tech crackdown saw investors cut exposure, bottoming out at just …
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92 Active Asia Ex-Japan Funds, AUM $49bn Asia Ex-Japan Fund Positioning Analysis, November 2022 In this issue: Asia Ex-Japan Sector Rotation Oil Refining/Marketing All-Time Highs Singapore Telecommunications: Demand Surge 92 Active Asia Ex-Japan Funds, AUM $49.5bn Sector Rotation The make-up of sector positioning among active Asia Ex-Japan investors is changing. Over a period of just 6-months, average weights …
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277 Active China Funds, AUM $102bn China Fund Positioning Analysis, November 2022 In this issue: MSCI China. Casinos/Gaming: Early Stage Recovery China A-Shares. Telecommunications Equipment Decline Greater China. Alibaba: Fighting Back 118 Active MSCI China Funds, AUM $37.5bn Casinos/Gaming: Early Stage Recovery Ownership levels in China Casino & Gaming stocks are creeping off their all-time lows. In the …
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278 ACTIVE GEM FUNDS, AUM $312BN Underweight Stock Risks in EM Active Emerging Market investors face a myriad of risks when constructing and running a portfolio. One of those is benchmark risk, with even the most active of managers required to state relative performance versus their benchmark. In this summary piece, we identify the largest aggregate underweight stock positions among …
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276 ACTIVE UK FUNDS, AUM $161BN The Vodafone Exodus In over a decades worth of holdings data for UK active funds, ownership in Vodafone has never looked so bad. Sentiment is at rock bottom, with the number of funds holding a position at all-time lows and an increasing number of funds deciding to throw in the towel. Time Series Analysis …
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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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