Hedge funds rotate back into North America, China flows more volatile: Goldman
Investing.com -- Hedge funds rotated back into North American equities last week, marking the largest weekly inflow since June, Goldman Sachs revealed in its latest Prime Services report.
On a sector level, hedge funds last week favored Health Care, Financials, and Information Technology, which were the most net bought. Conversely, Utilities, Real Estate, and Staples were the sectors with the most net selling activity. Globally, equities saw muted activity on the week, “driven by risk unwinds roughly split between long sales and short covers,” the report states.
“HFs net sold Chinese stocks across all channels this week, led by H-shares and A-shares that together made up 85%+ of the net selling.”
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