Ok I have been talking about an asset allocation shift away from bonds and into equities for a while now as you can note from my previous posts…Clearly as you will see from my next post where I will update my analysis on US mutual funds inflows there is still a massive inventory remaining to clear and there is more of this to come still…..Now this is no joke for bond managers as highlighted by this link from Bloomberg ( http://www.bloomberg.com/news/2013-11-04/gross-loses-world-s-largest-mutual-fund-title-to-vanguard.html )….Bill Gross has no longer the biggest bond funds…. maybe there is a good trade to make in equities… buy asset managers who have a focus on equities and sell short the one who are predominantly bond managers….must be worth something across the next few years surely…..
