1600 Active Equity Funds, AUM $4.7tr Fund Positioning Chart Pack BYD Co Ltd Becomes Most Popular Auto Stock in EM EM Fund Positioning: Qatar vs Saudi High Active in China. The Best Way to Beat The Benchmark? UK Tobacco: Kicking the Habit Netherlands Positioning: Extending Gains Asia Ex-Japan’s Unloved Stocks GEM, Asia Ex-Japan, China, China A-Shares BYD Co Ltd Becomes …
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1600 Active Equity Funds, AUM $4.7tr Fund Positioning Chart Pack Global Funds: USA: Record Underweight as Shift to Europe Accelerates Emerging Market Funds: GQG EM Equity Fund: Breaking From The Pack Asia Ex-Japan Funds: Country/Sector Positioning Update China Funds: A-Share Financials: Avoiding the Tail UK Funds: The UK’s Most Wanted Stocks 354 GLOBAL EQUITY FUNDS, AUM $952BN USA: Record Underweight …
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384 emerging market Funds, AUM $400bn TSMC: Crowded Trade? Active EM managers are heavily positioned in TSMC. It is the largest portfolio holding for 64% of funds, with an average weight double that of its nearest rivals. But is the risk of not holding TSMC greater than playing the contrarian? Stock Positioning Taiwan Semiconductor Manufacturing Company (TSMC) is by far …
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356 Global Equity Funds, AUM $938bn Global Funds: Stock Radar Investment levels among the thousands of stocks in the investible Global 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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295 US Equity Funds, AUM $3tr SVB Financial Corp: US Fund Closures Hinted at Trouble Ahead Ownership decline through 2022 suggests active managers were wary of SVB Financial Corp well before collapse Long-Term Trends & Short-Term Fund Activity SVB Financial Corp had enjoyed strong ownership growth among active US Equity Funds over the last decade. Moving from a relative …
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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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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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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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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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358 Global Equity Funds, AUM $914bn Record Under-Allocation in Emerging Markets Exploring the Factors Behind a Shift Away from Emerging Market Equities among Active Global Fund Managers. Time-Series & Country Rotation Emerging Market allocations among active Global funds are at depressed levels. From a peak of 10.3% in January 2021, average holding weights fell to a low of 6.4% …
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