The latest views from 41 top asset managers, offering insights into consensus positioning across 70 assets, with over 1100 individual views.
Main takeaway:
Buy-side sentiment is edging more bullish alongside rising markets, summed up by a big drop in Cash allocations. Most consensus views: long Gold, short Dollar.
Key highlights:
Sentiment: Grinding Bullish
- Risk appetite increased in 4 of 5 risk-on/risk-off indicators
- Cash saw the biggest drop in popularity in August—now 5th least popular asset class (out of 60)
- Equities gained the most popularity this month; Equities/Cash ratio almost back to January highs
- High Yield also among the Top 10 risers
- Sovereigns and defensive equity sectors were downgraded
