The top 50 stockholdings of mutual funds and hedge funds, whose investment approaches typically differ, have a near-record degree of similarity, according to a study by Bank of America Merrill Lynch. "This huge world of investible assets has shrunk down to a small cohort,” observes Savita Subramanian, head of U.S. equity quantitative strategy at BofAML. The trend was detailed in a story by The Wall Street Journal as outlined below. Read More...
Crowded Stock Trades Near Record Levels Highlight Market Risk
The top 50 stockholdings of mutual funds and hedge funds, whose investment approaches typically differ, have a near-record degree of similarity, according to a study by Bank of America Merrill Lynch. “This huge world of investible assets has shrunk down to a small cohort,” observes Savita Subramanian, head of U.S. equity quantitative strategy at BofAML. The trend was detailed in a story by The Wall Street Journal as outlined below.
Add Comment