real-time news and commentary for investors
Wednesday, Oct 16
Funds leaning to one side of boat may be opportunity in commodities and EM
- Discretionary stocks (XLY), the U.K. (EWU), and the Eurozone (EZU, VGK) have the highest weighting relative to historical norms in global fund managers' portfolios, according to BAML's quant strategy group.
- The lowest weighting: Commodities (DBC), Emerging Markets (EEM), Energy (XLE), and Materials (XLB).
- "It's shocking how hated emerging market equities and commodities have become. Contrarians take note...," writes Josh Brown.
- Eurozone ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU.
- Broad commodity ETFs: DJP, GSP, LSC, RJI, GSC, GCC, GSG, DBC, DPU, DJCI, UCI, USCI, DYY, UCD, DEE, CMD, DDP, RGRC, CTF, CFD CSCR, CSCB.
- Emerging markets: EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME.
- Energy: IEO, IEZ, IYE, PXE, PXI, XES, XLE, XOP, VDE, RYE, FXN, OIH, PXJ, PSCE, ERX, DIG, ERY, DUG, DDG, IXC, IOIL, AXEN, IPW, GNAT, FILL.