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 of Snap Election. France remains a significant overweight country holding among Global managers. LVMH, L’Oreal and Schneider Electrics the key investments.
- United Kingdom: Record Overweight in Run Up to Election. UK allocations are at a record overweight of +2.64% above the SPDRs MSCI ACWI ETF. Industrials overtakes Consumer Staples as top sector overweight.
- Industrials: Expectations High as Global Funds Hit Max Overweight. Global funds have sharply increased weights to 11.97%, making Industrials the second largest overweight after Health Care. EMEA Industrials hit record, whilst US Industrials move to overweight.
- United States Consumer Staples: Diminishing Appeal. Nearly a quarter of Global funds are without US Consumer Staples exposure, with significant decreases in ownership for key stocks such as Estee Lauder and General Mills.
- Biotechnology: New Lows After Further Rotation. The Biotechnology sector has hit an all-time low of 47.6% of funds invested, with consistent declines in ownership for major stocks like Biogen, CSL, Illumina, and Wuxi Biologics.
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France
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United Kingdom
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Industrials
For more analysis, data or information on active investor positioning in your market, please get in touch with me on steven.holden@copleyfundresearch.com
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