Asset allocation 2015: Details matter

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At first glance, the defining features of asset allocation preferences remain unchanged at the beginning of 2015, with equities remaining favorites while bonds and commodities continue to loose support, however, the latest Asset Allocation Consensus survey for January 2015 conducted by Netherlands-based Alpha Research reveals that attention to detail remains key.

The survey  among 55 asset managers with combined assets of $20.014bn (€17.747bn) revealed that 82,4% of respondents remain overweight on equities. While US equities continue to be the most popular, the share of respondents being overweight has dropped by 5.2% to 61.5%, while European equities are gradually becoming more popular, increasing by 2.9% to 55.8% overall.

Similarly, gradual changes can be noted in terms of sector allocation, with the share of investors overweight in information technology, the most popular sector, declining by 7%, the sector now also has a small share of respondents going underweight. Given the low oil prices, the outlook for energy has deteriorated from 66.7% to 56.3% neutral ratings, with the percentage of negative opinions increasing by 20%.

In the fixed income segment, high yield remains favourite with almost half of respondents being overweight, however, the share of underweight opinions also rose from 14.9% to 17.4%. A change can also be observed in the corporate bond segment, with respondents shifting from underweight towards neutral.

The full report can be accessed here

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