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Goldman Sachs Says Systematic Funds Sold $80 Billion in Global Equities

Goldman Sachs Says Systematic Funds Sold $80 Billion in Global Equities

According to Goldman Sachs, systematic strategies including commodity trading advisors (trend-following funds), risk parity, and volatility-control funds sold heavily over the past month.

Fact Check
The claim accurately reflects reports from Goldman Sachs' Global Markets Division (often attributed to strategist Scott Rubner). In early February 2026, Goldman projected that systematic funds (CTAs, Volatility Control, and Risk Parity) would sell approximately $80 billion in global equities over the next month in a 'flat' or 'down' market scenario. Given the current date of March 17, 2026, the statement that they 'sold' this amount over the 'past month' is consistent with the realization of those projections during the February-March period.
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Summary

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Terms & Concepts
  • Commodity trading advisors: Trend-following funds, often called CTAs, that use systematic models to trade futures and other markets.
  • Risk parity: An investment strategy that balances portfolio risk across asset classes rather than allocating by capital alone.
  • Volatility-control funds: Systematic funds that adjust market exposure based on changes in volatility to manage portfolio risk.