Deutsche Bank-Investor Positioning and Flows Chart Pack-109058920

DeutscheBankAssetAllocationDateResearch5July2024InvestorPositioningGlobalandFlowsStrategyUpdateChartPackOurmeasureofaggregateequitypositioningmovedlargelysidewaysthisweekatParagThatteelevatedlevels(zscore0.80,93rdpercentile)asdiscretionaryinvestorpositioningStrategistdeclinedmodestly(zscore0.90,93rdpercentile)butthatforsystematicstrategies+1-212-250-6605rosetothehighestsinceFeb2020(zscore0.84,88thpercentile).Acrossourmeasuresofabsolutesectorpositioning,thatforMCG&TechcontinuedtoascendBinkyChadhaandisclosetothetopofitshistoricalband.FundinflowswerestrongacrossassetChiefStrategistclassesthisweek.Inflowstoequityfunds($10.9bn)pickeduponthebackofsolid+1-212-250-4776inflowstotheUS($7.0bn).Acrosssectors,Tech($1.8bn)andFinancials($0.8bn)gotnotableinflows.Inflowstobondfunds($19.0bn)spikedtothehighestinover3yearsKarthikPrabhuandwerebroadbasedacrosscategories.MoneyMarketfunds($51.9bn)alsoStrategistreceivedstronginflows.+1-212-250-1246PositioningandflowsdetailBenLipsiusnUnderdiscretionaryinvestorpositioning,StrategistnTotalnetcallvolume(callminusputvolume,5dma)declinedthis+1-212-250-9671week(82ndpercentile),drivenbydeclinesforsinglestockandETFDistributedon:05/07/202417:32:06GMToptions,evenasthatinindexoptionsrosemodestly.Withinsinglestockoptions,netcallvolumedeclinedinmega-capgrowth&TechanddefensivesbutrosemodestlyinFina...