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
CTAs’ Equity Exposure (CTA Beta to the S&P 500) CTAs’ equity exposure is currently flat. Image: J.P. Morgan Equity Derivatives Strategy
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 At 86.82, the NAAIM Exposure Index shows active managers remain heavily invested in U.S. equities, reinforcing a bullish risk tone. The National Association of Active Investment Managers Exposure Index represents the two-week moving average exposure to U.S. equity markets reported by NAAIM members. Image: NAAIM
CTAs Exposure to Equities Since the start of the year, CTAs have cut equity exposure to the 49th percentile, but their positioning remains solidly long, pointing to a cautious but constructive stance. Image: Deutsche Bank Asset Allocation