Overweight US vs EU

Portfolio Management
Written By Jon Walker

Latest deck from BofA Global Fund Manager Survey.

The chart on the bottom shows the magnitude of the overweight towards the US vs EU.

On the top of the chart is work done by Jeff Weniger, CFA from WisdomTree on the prior extremes. It's stark the level of outperformance (USD) in the subsequent periods.

Will history repeat or have more structural forces such as a rise in passive exposure or US tech giants domination change the pattern?

Jon Walker
Previous

Predictions, predictions.

Next

Nine Lies About Work