Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total The S&P 500’s top 10 stocks hold a disproportionately large share of the index’s weight relative to their earnings, which amplifies risks tied to volatility, diversification, and sector exposure. Image: Goldman Sachs Global Investment Research
CTAs Exposure to Equities CTAs have increased their long equity positions to a moderate-high level, reaching the 41st percentile. This reflects a notable increase in their equity exposure over the past few months. Image: Deutsche Bank Asset Allocation
Discretionary vs. Systematic Equity Positioning Discretionary investors are maintaining an underweight stance in equities at the 22nd percentile. Meanwhile, systematic strategies are gradually increasing their equity exposure but remain underweight overall. Image: Deutsche Bank Asset Allocation
Small Cap Equity Positioning With small-cap equity allocations at the 23rd percentile, there is considerable room for increased exposure—especially for investors focused on long-term growth. Image: Deutsche Bank Asset Allocation
Equity – MSCI Japan Market Cap Relative to World Market Cap Considering the improved outlook, attractive valuations, and progress in corporate governance, should investors consider increasing their exposure to Japanese equities? Image: BofA Global Investment Strategy
Beta Exposure of Large Cap U.S. Active Managers vs. S&P 500 Among active managers, there is a significant drop in beta exposure to GFC levels. Image: BofA US Equity & Quant Strategy
Value vs. Growth – Active Managers’ Relative Exposure in Low P/FCF vs. High Long-Term Growth Despite the rally in Value, active managers are still ~30% underweight Value vs. Growth. Image: BofA US Equity & Quant Strategy
CTAs Exposure to Equities CTAs overall equity exposure is in the 42th percentile. Image: Deutsche Bank Asset Allocation
Major U.S. Mutual Funds’ Net Exposure to U.S. Equities U.S. equity exposure of major U.S. mutual funds is in line with the historical average. Image: Nomura
U.S. Household Ownership of Stocks, % of Total Assets The elevated equity exposure of U.S. households, while not an absolute sign of impending market downturns, highlights the necessity for cautious investment decisions and strategic portfolio management. Image: J.P. Morgan
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