The world's biggest asset managers could unload around $150 billion in equities by the end of June, with the money set to flow into bonds, say analysts at...
The world’s biggest asset managers could unload around $150 billion in equities by the end of June, with the money set to flow into bonds, driven by month- and quarter-end rebalancing, according to analysts at JPMorgan Chase & Co.
... The world’s biggest asset managers could unload around $150 billion in equities by the end of June, with the money set to flow into bonds, driven by month- and quarter-end rebalancing, according to analysts at JPMorgan Chase & Co. The analysts see the rebalancing running in favor of bonds as balanced mutual funds, sovereign-wealth funds, pension funds and other money managers make shifts to meet allocation requirements. Large pension funds typically keep a 60% stock/40% equity mix.
For other players, the flow is seen going the other way. The analysts estimated that Norway’s $1.3 trillion oil fund could see net equity sales of $18 billion, though if net oil revenues are invested equally across quarters and by their end-2022 asset weights, the net equity sales would be reduced to just $6 billion.
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