Hedge funds buy commodity stocks at fastest pace in five months, says Goldman

LONDON, July 8 - Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on Monday.

Still, energy and materials stocks were among the most net bought sectors on the bank's prime brokerage desk last week, which tracks the trades of hedge funds. Hedge funds were not so keen on the stocks of paper, forest products and chemicals, which were modestly more sold than bought, the note added.

Generally, hedge funds crept back into global stocks last week, which were more bought than sold for the first time in three weeks, according to the note.

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