Each month, Awap surveys its community of Independent Wealth Managers to take the pulse of the market. Here are some key insights from the AWAP IWM Barometer – June 2026
– 60% anticipate a rise in the Fed’s key interest rates this year, broadly in line with market expectations. – 90% believe we can speak of an AI bubble. The comparison with the dot-com bubble is tempting — except that today, the companies potentially in bubble territory are delivering real growth and earnings. Are we less in a valuation bubble than in a concentration bubble? – Only 1 in 3 managers is considering increasing their allocation to alternatives/hedge funds.
Sentiment remains cautious toward valuation excesses. The conviction around the AI bubble stands in contrast with the restraint shown toward the strategies supposedly positioned to benefit from it. Further editions will follow to track the evolution of managers’ sentiment.
