Deutsche Bank Tech Positioning Drops to Neutral
Deutsche Bank strategists, led by Parag Thatte, reported that positioning in large‑cap technology stocks has fallen sharply from extended levels to near‑neutral, indicating that roughly three‑quarters of the sector rotation is now complete. Overall equity positioning declined last week, with discretionary investors moving below neutral levels. Systematic strategies also reduced their equity exposure but remained overweight overall.
Within systematic approaches, volatility‑control funds trimmed their equity allocation yet stayed overweight, while Commodity Trading Advisors (CTAs) slightly lowered equity positioning but remained in the upper range of their targets.
Equity funds recorded net inflows of $30.4 billion, driven primarily by $21.3 billion from Asian investors, whereas the United States experienced net outflows of $7.2 billion. Bond funds attracted $14.9 billion of inflows, marking a three‑month low in fund inflows, and money‑market funds posted net outflows of $33.9 billion for a second consecutive week.
The article was generated with AI assistance and subsequently reviewed by an editor.