S&P 500 Stocks and Non-S&P 500 Stocks as a % of U.S. Large Cap Funds AUM Despite the abundance of stocks, the lack of interest in investing beyond the “Magnificent Seven” creates bias, leading to excessive attention and favoritism that may undervalue or neglect other investment opportunities. Image: BofA US Equity & Quant Strategy
S&P 500 and the Small Caps vs. Large Caps Ratio The S&P 500 remains in a secular bull market. Image: BofA Global Research
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
Spread Between Rolling 8-Week Cumulative Flows as a % of Market Cap: Small Caps vs. Large Caps Should investors overweight U.S. small-cap stocks despite strong outflows? Image: BofA Securities
Stocks – Net % Say Large Caps Will Beat Small Caps (FMS Investors) Will large caps beat small caps? Image: BofA Global Fund Manager Survey
Large Cap Stocks in Periods of Rising Inflation Are large cap stocks a hedge in periods of rising inflation? Image: Arbor Research & Trading LLC
FMS Investor – Small Cap Stocks Will Beat Large Cap Stocks Is the reflation trade already over? Image: BofA Global Fund Manager Survey
Small Cap vs. Large Cap Correlation with US 10-Year Breakeven When inflation expectations rise, small-caps tend to outperform large caps. Image: BofA Global Investment Strategy
% of Large Cap Active Funds Outperforming Russell 1000 Benchmarks in May Best May in history for actively managed large-cap funds. But can active large-cap funds outperform benchmark over a full market cycle? Image: BofA US Equity & Quant Strategy
Value vs. Growth and Small Caps vs. Large Caps The rally in small caps is a strong bullish signal, but it has not yet been confirmed by a rebound in value vs. growth. Image: BofA Research Investment Committee
Small Caps vs. Large Cap Relative Performance Is a new small cap outperformance cycle beginning? Image: BofA US Equity & Quant Strategy