May AAII Asset Allocation Survey: Equity Allocations Surpass Previous Two-Year High

Individual investors' allocations to equities increased in the May Asset Allocation Survey.

Stock and stock fund allocations increased 1.0 percentage points to 70.4%. Stock and stock fund allocations are above their historical average of 61.5% for the 48th consecutive month. Stock and stock fund allocations were last higher in December 2021 (70.5%).

Bond and bond fund allocations decreased 0.1 percentage points to 13.8%. Bond and bond fund allocations are below their historical average of 16.0% for the fourth time in seven months. Bond and bond fund allocations were last lower in November 2022 (13.6%).

Cash allocations decreased 0.8 percentage points to 15.8%. Cash allocations are below their historical average of 22.5% for the 18th consecutive month. Cash allocations were last lower in December 2021 (15.1%).