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May AAII Asset Allocation Survey: Equity Allocations Rebound

by AAII Staff | June 01, 2020

Exposure to equities among individual investors continued to rebound last month, according to the May AAII Asset Allocation Survey. Fixed-income allocations remained above average, while cash exposure declined.

Stock and stock fund allocations rebounded by 3.3 percentage points to 60.8%. Even with the rebound, equity allocations remain below their historical average of 61.0% for the third consecutive month.

Bond and bond fund allocations declined by 0.3 percentage points to 19.2%. Fixed-income allocations are above their historical average of 16.0% for the 15th consecutive month and the 16th time in 17 months.

Cash allocations fell 3.0 percentage points to 20.0%. The historical average is 23.0%.

Equity allocations have risen as the stock market continued to rally from its March lows. Sentiment about the short-term direction of the stock market remained low throughout May, however, as is evident by the readings in our weekly Sentiment Survey. Fixed-income allocations are above 19% for the third time in four months.

May AAII Asset Allocation Survey results:

  • Stocks and stock funds: 60.8% up 3.3 percentage points 
  • Bonds and bond funds: 19.2%, down 0.3 percentage points 
  • Cash: 20.0%, down 3.0 percentage points

May AAII Asset Allocation Survey details:

  • Stocks: 26.2%, up 1.3 percentage points
  • Stock funds: 34.6%, up 2.0 percentage points
  • Bonds: 3.6%, down 0.3 percentage points
  • Bond funds: 15.6%, up 0.1 percentage points

Historical Averages:

  • Stocks/Stock Funds: 61.0%
  • Bonds/Bond Funds: 16.0%
  • Cash: 23.0%

The numbers are rounded and may not add up to 100%.

The AAII Asset Allocation Survey has been conducted monthly since November 1987 and asks AAII members what percentage of their portfolios are allocated to stocks, stock funds, bonds, bond funds and cash. The survey and its results are available online at: www.aaii.com/investor-surveys.

 

Want to weigh in? Take the survey yourself and see results online at www.aaii.com/assetallocationsurvey.


May AAII Asset Allocation Survey results:
  • Stocks and Stock Funds: 60.8%, up 3.2 percentage points
  • Bonds and Bond Funds: 19.2%, down 0.2 percentage points
  • Cash: 20.0%, down 3.0 percentage points
May AAII Asset Allocation Details:
  • Stocks: 26.2%, up 1.3 percentage points
  • Stocks Funds: 34.6%, up 2.0 percentage points
  • Bonds: 3.6%, down 0.3 percentage points
  • Bond Funds: 15.6%, up 0.1 percentage points
Historical averages:

  • Stocks/Stock Funds: 61.0%
  • Bonds/Bond Funds: 16.0%
  • Cash: 23.0%

Take the Asset Allocation Survey.

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