JPMorgan strategist: Assets Under Management for small-cap and mid-cap stocks globally are declining and still severely underallocated.

On December 23, Jinshi Data reported that assets under management for small and mid-cap stocks are declining globally and they are still significantly underweighted. Strategist Eduardo Lecubarri wrote in a report that about 65% of these funds have underperformed their benchmark index in the past 12 months. The report indicates that the returns of these funds are similar to those of large-cap funds. The report also suggests that the cash levels of these funds are approaching a low point.

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