steering clear from lpt's, page-23

Back to the start of the thread...

Even when LPTs were running at closer to 10% of the index, major investment management teams did not have a strong understanding of the sector, and ran at on average around half index weight. More recently, we are seeing the LPT specialist within the investment management teams losing their job, because the FUM in the sector is not supportive of their costs.

In short, they don't understand the sector, so they avoid it. Thus, I personally would discount much of what they say. Also, if you are not hearing from the analyst that has done the hard yards, then discount the view further.