Equity and fixed-income allocations among individual investors increased slightly last month. The latest AAII Asset Allocation Survey also shows a small pullback in cash allocations.
Stock and stock fund allocations rebounded by 0.8 percentage points to 63.2%. Though this was a minor increase, equity allocations are above their historical average of 61.0% for the 70th consecutive month.
Bond and bond fund allocations increased 0.7 percentage points to 16.5%. The increase boosted exposure to fixed-income above its historical average of 16.0% for the first time in 14 months.
Cash allocations declined by 1.5 percentage points to 20.3%. The drop keeps cash allocations below their historical average of 23.0% for the 86th consecutive month.
January AAII Asset Allocation Survey results:
- Stocks and stock funds: 63.2%, up 0.8 percentage points
- Bonds and bond funds: 16.5%, up 0.7 percentage points
- Cash: 20.3%, down 1.5 percentage points
January AAII Asset Allocation Survey details:
- Stocks: 29.1%, up 1.2 percentage points
- Stock Funds: 34.1%, down 0.5 percentage points
- Bonds: 3.6%, down 0.6 percentage points
- Bond Funds: 13.0%, up 1.4 percentage points
- 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
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