Tue, Feb. 23, 3:55 PM
- According to Goldman Sachs,, the average hedge fund had 68% of its long funds in their top 10 holdings heading into 2016 - that's the highest on record.
- The FANG names - Facebook, Amazon, Netflix, and Alphabet - represented a full 3.5% of total hedge fund stock holdings at year-end (up from 1.5% a year earlier). While Facebook has managed to stay flat in 2016, the other three are down sizable amounts.
- Still, the average hedge fund is down just 4% YTD - that's 200 basis points better than the S&P 500.
- ETFs: GURU, IBLN, ALFA, CSM, BTAL, VALX, CHEP, GURI, RALS, GURX, FTLS, CSLS, LALT, ACTX, SIZ, QMN, DIVA
Mar. 10, 2014, 10:07 AM
- To those who remember the risk on/risk off days of 2011 when the entire universe of assets seemingly moved together based on the utterings of some politician here or across the pond, today is quite a different matter. The instances of days in which more than 90% of S&P 500 stocks move together have all but vanished late last year and this year.
- The 65-day average correlation of stocks fell to 0.52% in January vs. an average of 0.63% between 2009 and 2013 (it rose as high as 0.84% late in 2011).
- Investors have responded by moving money into so-called actively managed strategies, with those funds seeing inflows of $1.3B this year on top of $9.8B in 2013. It's a small amount, but contrasts with $360B pulled out of such funds between 2009-2012.
- Related ETFs: GURU, ALFA, CSM, QAI, ONN, OFF, BTAL, MCRO, CHEP, RALS, HDG, QEH, AGLS, CSLS, SIZ, QMN, CSMN
Oct. 1, 2011, 8:50 AM
Safe havens are offering little more than wealth protection (if that), and if you were thinking of dividend stocks, they may have a long way down to go yet. What about getting off the coaster? Over the past two months, S&P's Low Volatility Index lost just 1.1% vs. the overall market's 9.8% decline, and it's holding up over longer periods too (+80% over the past 10 years). New low-volatility ETFs: SPLV, LVOL, LBTA, SLVY, SLBT, BTAL.| Oct. 1, 2011, 8:50 AM | 11 Comments