GEM Funds: Performance & Attribution Review, Q2 2024

352 Global Emerging markets active equity funds, AUM $429bn GEM Funds: Performance & Attribution Review, Q2 2024   Summary Strong Q2 returns but passive beats Active: Average active fund returns of 3.91% fail to beat the iShares MSCI EM ETF return of 4.39%, with 54% of funds underperforming. Growth beats Value: All Style groups underperform the benchmark on average, though …

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Positioning Insights & Investment Trends, June 24

332 Global Equity Funds, AUM $1.1Tr Positioning Insights & Investment Trends In this month’s report, we look at positioning in France and the United Kingdom ahead of the upcoming snap elections. We highlight a regime shift in the Industrials sector, the decline in US Consumer Staples exposure and continued outward rotation in Biotechnology stocks. Summary France: Global Funds Overweight Ahead …

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Positioning Insights & Investment Trends, June 24

352 emerging market Funds, AUM $424bn Positioning Insights & Investment Trends In this month’s report, we look at positioning in the 3 recent election markets of Mexico, South Africa and India, highlight the largest country/sector underweight in EM, a recovery in Turkish Financials and a drop in South Korean Materials Exposure.   Summary Mexico: GEM Funds Wrong-Footed after Election Results.  …

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UK Communication Services: Old Guard Fuels Sector Downturn

264 active UK equity funds, AUM $190bn UK Communication Services: Old Guard Fuels Sector Downturn Summary • Significant Decline in Sector Allocation: Exposure to the Communication Services sector among active UK investors has dropped from over 10% in 2012 to a new low of 4.14%, with a record 12% of funds completely avoiding the sector. • Widespread Reduction in Ownership: …

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China Real Estate: Continued Fund Rotation Drives New Lows

144 active MSCI China equity funds, AUM $40bn China Real Estate: Continued Fund Rotation Drives New Lows Summary Record Low Allocations: Real Estate holdings in active China equity funds have plummeted to a new low of 2.51%, with only 76.4% of funds maintaining any position. Concentrated Holdings: The number of Real Estate companies held has dropped to 42, with the …

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Active Asia Ex-Japan Funds: Top-Down Country Insights

99 Asia Ex-Japan active equity funds, AUM $55bn Active Asia Ex-Japan Funds: Top-Down Country Insights Summary South Korean Pivot:  Asia Ex-Japan investors move to overweight South Korea for the first time in our history, SK Hynix and Kia Corp among the beneficiaries.    India Fatigue: Despite India’s outperformance and rising fund weights, managers show caution, with nearly 2/3rds of funds …

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New Dashboard Release

355 emerging market Funds, AUM $410bn New Dashboard Release This video marks the launch of three new fund positioning dashboards, now available in our positioning dashboards suite. Watch the demo video opposite, or click on the link to go directly to the dashboards. Country/Sector DashboardGain immediate insights into country, sector, country/sector, and stock positioning. Customize your view with various ownership …

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Active Global Funds: Top-Down Country Insights

333 Global funds, AUM $1.1tr Active Global funds: Top-Down Country Insights   Summary Americas Dominance: The United States remains the top allocation and largest country underweight.  Value funds increase underweight in the USA but Growth funds reduce.  Argentina rises at Brazil’s expense, with MercadoLibre gaining popularity. EMEA Conviction Overweight: The UK, France, and the Netherlands maintain near-record overweights. France sees …

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Active GEM Funds: Top-Down Country Insights

355 emerging market Funds, AUM $410bn Active GEM Funds: Top-Down Country Insights Summary In this Top-Down Country report, we analyse regional and country allocations among the 355 equity funds in our analysis. Highlights from the report: EMEA Momentum: EMEA is experiencing positive momentum across multiple countries, with record investments in the MENA region, strong momentum in Greece, Turkey reversing long-term …

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Active UK Small/Midcap Funds: Extreme Stocks

104 active UK Small/Midcap equity funds, AUM $37bn Active UK Small/Midcap Funds: Extreme Stocks Summary In this report, we identify seven stocks that are currently positioned at the extreme ends of their historical position ranges, or have experienced significant shifts in fund ownership in recent months. Extreme Stocks in Focus: -Diversified Energy Company PLC-Team17 Group PLC-Rentokil Initial plc-St.James’s Place Plc-NCC …

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