BoA: Short Crowded StocksRupert Hargreaves
The start of a new year always brings a deluge of tips from Wall Street analysts trying to pick the winners for the year ahead.
Bank of America's team of quant strategists, led by Savita Subramanian believe that the best strategy, based on past results, is to avoid the most crowded stocks and increase exposure to underweight equities.
According to a recent report on the topic, since 2009 the ten most overweight stocks have lagged the ten most underweight stocks on average by 57 basis points and 117 . . .
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