Hedge Fund and Mutual Fund Equity Exposure In a sign of optimism about the current economic climate, hedge funds and mutual funds have collectively increased their stakes in U.S. equities, which paints a picture of growing confidence in the U.S. stock market. Image: Goldman Sachs Global Investment Research
Are You More Likely to Increase or Decrease Equity Exposure Over the Coming Days/Weeks? Only 35% of JPM clients are considering increasing their exposure to equities over the coming days/weeks, indicating a cautious sentiment among them. Image: J.P. Morgan
U.S. Equity Exposure vs. ISM New Orders less Inventories U.S. equity exposure typically shows a correlation with the ISM New Orders less Inventories. Image: Nomura
NAAIM – Equity Exposure of U.S. Active Managers U.S. active managers are optimistic, as they have the highest level of exposure to equities in over two years, betting on a rebound in global growth. Image: Morgan Stanley Research
Aggregate CTAs Equity Exposure CTAs equity exposure also remains at a high level. Image: Deutsche Bank Asset Allocation
Investment Newsletters: Percentage of Equity Exposure Are investment newsletters too optimistic? Image: Truist
Factor Exposure of Hedge Fund Long U.S. Equity Portfolio Growth stocks remain among the most popular choices for hedge funds. Image: Goldman Sachs Global Investment Research
Hedge Fund Current Net Exposure to the Equity Markets Hedge fund net exposure to equities is now high relative to recent history. Image: BofA Global Fund Manager Survey
NAAIM Exposure Index – Investor Sentiment With the NAAIM Exposure Index at 86.76, active managers remain firmly bullish on U.S. stocks, keeping equity exposure high without reaching euphoric levels. The National Association of Active Investment Managers Exposure Index tracks the two-week average of U.S. equity exposure reported by NAAIM members. Image: The Daily Chartbook
Small Cap Equity Positioning Small caps are still being overlooked. Positioning is only in the 41st percentile, far from crowded and with plenty of room for investors to add exposure. Image: Deutsche Bank Asset Allocation
CTAs Exposure to Equities CTAs have steadily increased their equity exposure in recent months. But with positioning now at the 89th percentile, the trade is starting to look crowded. Image: Deutsche Bank Asset Allocation