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…
July 3rd – July 9th
- US Gov Bonds (IEF, IEI, SHY)
- Real Estate Investment Trusts (SCHH, IYR)
- Russell 2000 (IWM)
Losers (advisor flows FROM these investments increased substantially):
- Dow (DIA)
- S&P 500 Index (RSP)
- Emerging Market Debt (PCY)
Josh here. Mike McDaniel, CIO of Riskalyze, tells us that the buying of Treasury bond funds was pronounced last week among advisor-managed portfolios on its platform. “Advisor use of US government bonds increased week over week by 15%. The Russell 2000 caught a bid too.
In the loser’s column, some broad-based equity index funds were sold. “Advisor use of each of the losers decreased week over week by 8%.”
This seems rebalancing-related to me, as the 2nd quarter had just ended. Also, many advisors use the first week of the second half to do these regular rebalancings. That was last week.
(to state the obvious, Riskalyze does not share client sensitive data with me or use animals in testing).