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Mohamed El-Erian is co-CEO and
co-CIO of PIMCO, and previously managed the $36 billion Harvard
endowment. He discusses why advisors should reduce US equity allocations and how the crisis in the financial sector will
ultimately unfold.
On a quarterly basis we analyze trends in
the Advisor Perspectives (AP) Universe. The AP Universe
consists of approximately $50 billion of assets from high- and ultra-high
net worth investors managed by Registered Investment Advisors.
First, we analyze the performance of the
Most Popular Mutual Funds in the AP Universe. We show that
advisors have been successful in identifying actively managed US and non-US
equity funds since the inception of the service 15 months ago.
Second, we look at changes in the asset
allocation of investment advisors. Among the trends we
identify is a shift of funds into cash and non-US equities on a consistent
basis over the last year.
Third, we identify changes within the
Most Popular Mutual Funds. We identify three funds that
have gained popularity among advisors over the last 12 weeks.
Lastly, we highlight some recent Advisor
Market Commentaries.
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