Acima Realigns Investments
Acima Private Wealth Rebalances Portfolio, Significantly Boosting Asia ex-Japan and Bond Holdings
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Key Points
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Farther Finance Advisors LLC boosted its IEMG stake by 34.7% to 1,278,606 shares, worth about $85.95 million, signaling continued appetite for emerging markets exposure beyond Acima's moves.
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JPMorgan Chase & Co. increased its DJP stake by 21.3% to 16,974 shares, valued at about $602,000, in the third quarter, highlighting ongoing diversification into broad commodity exposure.
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Russell Investments Group Ltd. bought a new position in AAXJ in the third quarter, acquiring 25,048 shares (about $142,000), expanding Acima's Asia ex Japan exposure via a fresh institutional holding.
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In GTO, several other funds opened new positions in the first quarter, including Your Advocates Ltd. LLP (~$29,000), Longview Financial Advisors Inc. (~$48,000), and Y.D. More Investments Ltd (~$70,000), illustrating broader interest in fixed-income exposure alongside Acima's activity.
Acima Private Wealth LLC made sweeping changes to its portfolio in the second quarter, slashing its stake in iShares MSCI China ETF (MCHI) by 55.8% while dramatically boosting its position in iShares MSCI All Country Asia ex Japan ETF (AAXJ) by more than 18,000%, according to Defense World. The moves signal a sharp pivot away from China-specific exposure toward broader Asia equity markets.
The firm also trimmed its iPath Bloomberg Commodity Index ETN (DJP) stake by 6.7% and cut its iShares Core MSCI Emerging Markets ETF (IEMG) position by 4.5%. At the same time, it lifted its Invesco Total Return Bond ETF (GTO) holdings by 4.3%. Taken together, the moves show a broad rebalancing across equities, commodities, and fixed income.
Acima Slashes China Bet, Pivots to Broader Asia
Acima's most dramatic cut was in MCHI, the iShares MSCI China ETF. The firm sold enough shares to reduce its position by 55.8%, leaving it with just 10,946 shares worth about $559,000, according to Defense World. That is a significant retreat from China-focused equity exposure.
To replace that exposure, Acima poured money into AAXJ, which tracks Asian markets excluding Japan. The firm grew that position by over 18,000%, ending the quarter with 25,048 shares valued at roughly $2.99 million. AAXJ spreads risk across markets like South Korea, India, and Taiwan — countries not captured by a China-only fund.
Emerging Markets and Commodities Positions Quietly Trimmed
Acima also pulled back slightly on IEMG, its third-largest holding. It trimmed that position by 4.5% to 204,594 shares, worth about $16.95 million, per Defense World. IEMG tracks a wide basket of emerging market stocks across dozens of countries.
The firm cut its DJP stake by 6.7% to 162,587 shares, valued at about $7.11 million. DJP tracks a broad basket of commodities like oil, metals, and agricultural products. The trim suggests Acima is pulling back slightly on inflation-hedging assets, even as some peers move the other way. JPMorgan Chase & Co., for example, increased its DJP stake by 21.3% to 16,974 shares in the third quarter.
Fixed Income Gets a Lift as GTO Holdings Climb
On the bond side, Acima raised its GTO position by 4.3% to 290,933 shares, now worth around $13.64 million. GTO is the Invesco Total Return Bond ETF, which holds a mix of investment-grade bonds. The move suggests Acima is adding a defensive buffer to its portfolio even as it shifts equity exposure toward Asia.
Acima is not alone in warming up to GTO. Several smaller firms opened new positions in the first quarter, including Your Advocates Ltd. LLP (about $29,000), Longview Financial Advisors Inc. (about $48,000), and Y.D. More Investments Ltd (about $70,000). The pattern points to growing broader interest in fixed-income products amid uncertain market conditions.
Other Institutions Keep Piling Into Emerging Markets
While Acima trimmed IEMG modestly, other firms are buying in. Farther Finance Advisors LLC boosted its IEMG stake by 34.7% to 1,278,606 shares, worth about $85.95 million. That is a much larger position than Acima's, and the sharp increase shows strong ongoing demand for broad emerging market exposure.
Russell Investments Group Ltd. also entered AAXJ in the third quarter, buying 25,048 shares worth about $142,000. The fresh institutional purchase aligns with Acima's own move into the fund. It suggests that the shift from China-only to broader Asia exposure is a trend — not just a one-firm decision.
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