News Formal

Banks Stocks Back in Vogue for Hedge Funds

  • 📰 NEWSMAX
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

Brasil Notícia Notícia

Global hedge funds raced to load up on bullish positions in banks, insurance companies and capital markets as September drew to a close, Morgan Stanley said in a client note, catching a tailwind for the financial sector from higher interest rates.

European bank stocks fell by as much as 4% at one point last month, before staging a strong recovery to end September with a gain of 2.6%, while U.S. banks ended the month down 3%.

Hedge funds began adding long positions in European banks, insurance companies and capital markets firms in August, reaching a 12-month high by Sept. 21, the bank said. "Those areas of the market where HF ownership was lightest entering the week ultimately ended as the most net bought," the note said.Both long and short exposure to all European stocks still sat at relatively low levels for U.S. and European hedge funds.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 16. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

European stocks steady as banks offset declines in utilities By ReutersEuropean stocks steady as banks offset declines in utilities
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Asia-Pacific stocks mixed as China's factory activity expands for the first time in six monthsAsia-Pacific stocks open mixed after China's manufacturing PMI for bounces back to expansion territory.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Asia-Pacific stocks fall even as China's factory activity expands for the first time in six monthsAsia-Pacific stocks fell after China's manufacturing PMI for bounces back to expansion territory.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Hedge funds using computers to sell up to $30 billion of stocks soonLONDON, Oct 2 (Reuters) - Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in...
Fonte: AllSidesNow - 🏆 572. / 51 Consulte Mais informação »