Equities – FMS Global Equity Allocation FMS investors significantly increased their equity allocation in October, the largest rise since June 2020. This shift is primarily due to a favorable economic climate resulting from the easing of monetary policies by major central banks. Image: BofA Global Fund Manager Survey
GWIM Cash Allocation as % Asset Under Management BofA’s private clients have reduced their cash allocation, remaining below the long-term average, while increasing their equity exposure. Image: BofA Global Investment Strategy
GWIM Equity Allocation as % Assets Under Management BofA’s private clients show optimism about equity market growth and potential returns, as evidenced by their 63% portfolio allocation to equities. Image: BofA Global Investment Strategy
U.S. Households Allocation to Corporate Equities as a % of Financial Assets Historically, periods of high household equity allocation have been followed by lower market returns, suggesting that current trends may signal potential risks for future investors. Image: MarketDesk Research
Implied Equity Allocation by Non-Bank Investors Globally Despite concerns about potential economic slowdowns, investors are currently maintaining an overweight position in global equities, suggesting a positive outlook for stock markets. Image: J.P. Morgan
Sell Side Indicator (Average Recommended Equity Allocation by Wall Street Strategists) The Sell Side Indicator, which tracks Wall Street strategists’ equity allocation recommendations, remains in neutral territory, with no sell signal triggered. Image: BofA Global Research
Stocks vs. Bonds – Relative Allocations U.S. stocks are relatively expensive compared to bonds. Are investors too aggressively positioned in U.S. stocks relative to bonds? Image: Topdown Charts
AAII Total Stock Allocation vs. FMS Net % Overwieght Equities Asset allocators are cautious and still underweight equities. Image: BofA Global Investment Strategy
FMS Tech Net Allocation Bye-bye tech? Tech net allocation fell to the lowest level since August 2006. Image: BofA Global Fund Manager Survey
Inflows to Equities vs. Allocations to Equities Despite the fact that FMS investors are very bearish equities, there is no capitulation yet. Image: BofA Global Investment Strategy
Implied Allocations: Gold Miners Allocation to gold miners remains low. Should investors be bullish on gold miners as valuations are reasonable? Image: Topdown Charts