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 17th – July 23rd
- Healthcare (VHT)
- Emerging Markets (EEM)
- Kinder Morgan (KMI)
Losers (advisor flows FROM these investments increased substantially):
- Floating Rate (LFRAX, OOSAX)
- Global Bond (TPINX)
- Short Term Treasuries (SHY)
Josh here – Mike McDaniel at Riskalyze tells me that the moves this week in advisor-driven portfolios were not substantial. “Advisors increased usage of Healthcare, Emerging markets and Kinder Morgan by 5% each, week over week. Advisors decreased usage of each of the investments on the losers list by 4% week over week.”
Healthcare and EM stocks are trading at discounts to the major averages (SPX and EAFE respectively). The former sells at a historically inexpensive multiple relative to the other market sectors while the latter has been 2016’s sleeper trade so far.
*(to state the obvious, Riskalyze does not share client sensitive data with me or use animals in testing).