The Riskalyze Report: Advisors Warm to Gold, TIPS

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $120 billion and counting that advisors manage on the Riskalyze platform*. I hope we can uncover interesting trends for you each week…

Riskalyze

April 10th – 16th

Winners (advisor flows TO these investments increased substantially):
  1. 7-10 Year Treasury Bond (IEF)
  2. Gold (GLD)
  3. TIPS (TIP)

Losers (advisor flows FROM these investments increased substantially):

  1. 3-7 Year Treasury Bond (IEI)
  2. Equities (IVW, VT)
  3. Q’s (QQQ)

Josh here – there’s a first time for everything. Here’s Riskalyze CIO Mike McDaniel with an interesting quirk from this week’s Riskalyze Report: “First time I can recall one treasury duration on the winner list AND another treasury duration on the loser list.” I don’t know what to make of that data point other than it could represent a tactical positioning shift rather than an investment posture. Keep in mind, there are thousands of advisors represented in the data here. Everyone’s doing different stuff from week to week.

Elsewhere, we now see gold making a comeback in portfolio allocations. “Advisors increased their use of GLD by 10% week-over-week.” TIPS were bought as well, which would seem to go hand in hand with gold’s rise and the notion of increasing inflation potential. The dollar can’t seem to gain any traction, meanwhile employment reports remain robust.

There was also some blue chip staple love, as “Coca Cola (KO) and Altria (MO) also saw notable increases in advisor use week over week.”

*(to state the obvious, Riskalyze does not share client sensitive data with me or use animals in testing).

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