While clients have been less hungry for stocks, advisors looking at trends emerging from the trading activity of U.S. diversified equity funds will notice allocations to healthcare, tech and consumer services on the rise. Lipper defines a USDE fund as one that is domiciled in the U.S., invests at least 80% of its assets in equities, has at least 75% of its assets invested in U.S. holdings, and is not mandated by prospectus to invest in any one specific sector.
Taking a top-down view of the macro data starting from the industry level shows stocks in the financial sector accounted for the largest chunk of the total market value held by USDE funds, 16.1% as of April 30.
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