Hedge funds dump tech stocks at fastest pace since 2016, Goldman shows

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 52 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 188%
  • Publisher: 92%

Canadian News ニュース

Canada News,Breaking News Video,Canadian Breaking News

Sales could indicate that portfolio managers have become more bearish

Global hedge funds in June sold U.S. shares of technology, media and telecommunications companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note.

The sales could indicate that portfolio managers have become more bearish on tech stocks, after the sector’s powerful rally in the first half of the year, although the note does not provide any reason behind the trend. The bank, which compiles its clients’ positioning for the data, said semiconductor and software were the top two most sold sectors in June, while hedge funds increased their allocation to tech hardware and electronic equipment.

Tech stocks led the S&P 500 index’s strong performance in the first half of the year, with artificial intelligence chipmaker Nvidia up 150% and generating 30% of the index’s 15% return. Overall, Goldman Sachs said hedge funds net sold global equities for a third straight month, almost entirely driven by short sellers who borrowed shares to sell on bets that the price will decline, enabling them to buy them back for less.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Hedge funds dump tech stocks at fastest pace since 2016, bank showsGlobal hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

Hedge Funds Sell Software Stocks as AI Splits Tech, Goldman SaysHedge funds are unloading software stocks as concerns mount about who’ll be left behind in the artificial intelligence boom.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »