Record Exposure as North American Rotation Continues

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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China A-Share Deep Dive

279 Active GEM Funds, AUM $370bn. China A-Share Deep Dive In this piece we provide a comprehensive analysis of China A-Share positioning among active EM funds. We find that the growth in China A-Share exposure has slowed as we approach full ownership across the active funds in our analysis. China A-Share allocations have remained solid throughout this year’s volatility and …

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MSCI China Funds: Stock Sentiment Analysis

119 Active China Funds, AUM $52bn. MSCI China Stock Sentiment Investment levels among the thousands of stocks in the investible China universe differ greatly. Some stocks are widely owned, others largely avoided 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 every stock in …

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China A-Share Funds: Stock Sentiment Analysis

115 Active China A-Share Funds, AUM $63bn. China A-Share Stock Sentiment Investment levels among the thousands of stocks in the investible China universe differ greatly. Some stocks are widely owned, others largely avoided 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 every stock …

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Greater China Funds: Stock Sentiment Analysis

45 Active Greater China Funds, AUM $20bn. Greater China Stock Sentiment Investment levels among the thousands of stocks in the investible China universe differ greatly. Some stocks are widely owned, others largely avoided 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 every stock …

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Global Fund Positioning Analysis, August 2022

362 Active Global Funds, AUM $960bn Investor Positioning Insights Communication Services: Lowest Exposure on Record Taiwan Technology: Pause and Reverse Australia: Sleeping Giant Awakes UK Consumer Discrexodos Momentum in the Trucking Industry South Korean Autos. All Over?   Communication Services: Lowest Exposure on Record Charts clockwise from top to bottom Communication Services allocations among active Global managers are at their …

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Asia Ex-Japan Fund Positioning Analysis, August 2022

93 Active Asia Ex-Japan Funds, AUM $63bn Investor Positioning Insights Singapore Financials: Surging Higher China Technology: Stalling Sentiment Asian Restaurant Boom   Singapore Financials: Surging Higher Allocations in Singapore Financials continue their cyclical turnaround. From a low of 0.67% in early 2021, average holding weights have soared to 1.81%, closing in on the highs of 2%+ through 2018 with managers …

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The ASEAN Rotation

275 Active GEM Funds, AUM $370bn. The ASEAN Rotation In this piece we provide a comprehensive analysis of active EM fund positioning in the ASEAN region. We find that ASEAN has been a key beneficiary from a drop in EM Europe allocations following the Russian exodus, in addition to a stall in the major EM Asia nations. Indonesia and Thailand …

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Asia Ex-Japan Funds: Stock Sentiment Analysis

93 Active Asia Ex-Japan Funds, AUM $63bn. Asia Ex-Japan Stock Sentiment Investment levels among the thousands of stocks in the investible Asia universe differ greatly. Some stocks are widely owned, others largely avoided 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 every stock …

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Greater China: Materials Rotation

45 Active Greater China Funds, AUM $17bn. Greater China Materials Greater China managers are increasing allocations to the Materials sector. Part of a general rotation out of the Information Technology sector, active managers are buying in to selected names, led by IMEIK Technology Development Co, ENN Ecological Holdings and Baoshan Iron & Steel. Versus the benchmark, Greater China managers are …

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