Smart Money Going to Equities
11/23/2010 0 comments
Monitoring where moderate allocation funds are putting their money gives an indication of whether fund managers are being more conservative or aggressive this week.
We track two separate indicators:
- Top 3 Moderate Allocation Funds
- Aggregation of all Moderate Allocation Funds
This is calculated weekly and covers the last one year
We can see some big variations over the past year and considerable recent volatility. We can see the impact of QE2 driving equities up and then the weakness towards the end of the weak as most indices fell and there would be a more defensive move to fixed income assets.
At this point, the balance is marginally defensive.
The aggregate group is not reacting to the changes -- the moderate portfolios have become slightly more aggressive. This may change if the current sentiment continues.
At this point, the balance is marginally defensive.
The aggregate group is not reacting to the changes -- the moderate portfolios have become slightly more aggressive. This may change if the current sentiment continues.
labels; investment
Symbols:SPY,QQQQ,IWM,MDY,EFA,VEU,EEM,VWO,IYR,ICF,VNQ,GSG,DBC,DBA,USO,LQD,CSJ,CIU,HYG,JNK,PHB,TLT,IEF,SHY,SHV,BND,AGG,MUB,MBB,
comments 0