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AAII: Cash Allocations at a 16-Month High

Posted By Barry Ritholtz On April 3, 2013 @ 12:10 pm In Apprenticed Investor,Investing,Sentiment | Comments Disabled

click for ginormous chart
[1]
Source: AAII [2], Fusion Analytics

 

Today, lets look at another interesting data point from AAII: Cash allocations reached a 16-month high in March. Individual investors pulled money from both equities and bonds last month.

We have shown the flip side of this chart in the past — equity allocation — which is similarly moderate.

Equity allocations fell 3.0 percentage points to 59.5% in March. Surprisingly, the past 15 months have not seen much variation in equity allocations stuck in a range from 58.8% (June 2012) to 62.5% (February 2013). The historical average is 60%.

March AAII Asset Allocation Survey results:

• Stocks Total: 59.5%, down 3.0 percentage points
• Bonds Total: 17.7%, down 1.5 percentage points
• Cash: 22.8%, up 4.6 percentage points

Historical Averages:

• Stocks/Stock Funds: 60%
• Bonds/Bond Funds: 16%
• Cash: 24%

 


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URL to article: http://www.ritholtz.com/blog/2013/04/aaii-cash-allocations-at-a-16-month-high/

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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/04/AAII-Cash-Deviation-mean.png

[2] AAII: http://www.aaii.com/assetallocationsurvey.

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