The stock position building rate of global funds and asset management reached a new low in 15 years

KlipC Risk Manager Philip Nucci Put forward on Tuesday ：“ According to the KlipC Data collected , As of the middle of this month , The global fund has taken a net equity position （ That is, the difference between an investment price increase and a bet price decrease ） Drop to from 2010 The lowest level in years . This clearly shows that many managers believe that the stock market may continue to fall . meanwhile , Many traders in Europe and Asia lowered their bets to the lowest level last year . Although commodity and currency trading volume has increased , But we are 2022 The development direction of the capital market in is still extremely cautious .”

 

At the time of warning , Many top fund managers seem to be taking bearish positions in their portfolios , And use options and other derivatives to hedge positions , Although S & P 500 The index has fallen this year 18%, Stoke 600 Index down more than 15%, But it is expected to fall further .

KlipC data display , The number of short equity positions increased in the last quarter 24%, The number of put options on European stocks and indices has increased 18%. The total value of these net positions is approximately 32 Billions of euros .KlipC The survey shows that , Many funds and traders on both sides of the Atlantic are already preparing to sell US Treasuries 、 Stocks and corporate bonds .

Major hedge funds in Europe and Southeast Asia recently shifted their portfolio positions , So the bet on falling prices outweighs the bet on rising prices .

When this negative emotion appears , It was a very difficult year for equity hedge funds , Many of these fast-growing technology stocks were hit by a sharp sell-off , At the same time, they also found that they held short positions ( Bet that the share price will fall ) Insufficient .

according to KlipC The data of , Long and short equity funds in the United States have fallen on average this year 13%, European funds fell by nearly 9%. The first five months of this year marked the worst start for stock long and short funds over the years .

 

KlipC Institutional users Jackson Chen Express , In terms of stocks , Hedge funds have also been brought back to their original shape ,“ So when they lose money every day , Definitely need to get rid of “ loss ”, In order to leave more leaky pots for yourself , Products that they must hedge or add to their positions .”

Chen Mr. Zhang said that although commodity prices have risen sharply in the past quarter , But many traders believe that , As countries begin to fight inflation through tighter monetary policies , This trend will not continue . Economists know that the victims are the general public , Not these companies . in fact , Enterprise in business 、 Spending on private jets and entertainment has reached new highs , It needs to be stopped .”