দ্রুত পैसे কোয়ান্ট ফান্ড ameryka শেয়ারে এক্সপোজার বাড়িয়ে দিচ্ছে mientras विवेकশীল投资者退出, Deutsche Bank data অনুযায়ী, 2020ের পরে দুটি গ্রুপের बीच দ্বিতীয় widen gap তৈরি হচ্ছে। विवেকশীল投资者, economic growth এবং earning strength focus কর্তা, Treasury yields উচ্চ, ایران戰 war এবং persistent inflationের concern因素因素ে শেয়ার এক্সপোজার তৃতীয় তৃতীয় सीमा নিচে কমিয়ে দিয়েছে। mientras, computer-driven funds continuous শেয়ার কেনে দিচ্ছে, steady index gains এবং volatility decline থেকে লाभান্বিত হচ্ছে। এই divergence market participationে growing split তুলে ধরে, systematic funds fast-moving but not necessarily large players হিসেবে কাজ করছে। Volatility control funds, which increase equity exposure in calm markets and reduce it during turbulence, have been buying stocks as the S&P 500’s realized one-month volatility remains near 9.9 — its lowest level since June. This environment has allowed systematic strategies to accumulate positions, pushing equity exposure among quant funds to the 86th percentile, near yearly highs. Strategists warn that the gap cannot widen much further, meaning one side must concede soon.
If prices keep rising, quant funds may be forced to keep buying, eventually compelling discretionary investors to re-enter. Conversely, a selloff could prompt discretionary traders to take profits, triggering volatility and causing systematic funds to unwind. While an exogenous shock or sustained downturn would be needed to flip systematic positioning, current conditions suggest the market may continue its advance, supported by discretionary investors’ dry powder for future buying.
উৎস: Bloomberg Markets · সারাংশ: HeadlinesBriefing