Global hedge funds have reduced their exposure to Chinese equities to the lowest level in five years while significantly increasing their investments in Japan, Reuters reported Thursday, citing a Goldman Sachs report.
As a result, hedge funds' net allocation to China, encompassing both onshore and offshore Chinese equities, dropped to a five-year low. In contrast, allocations to Japan reached their highest levels in four years by the end of July. Analysts pointed out that recent surprise rate cuts and policy guidance from the Communist Party's Third Plenum did little to alleviate concerns about domestic demand or improve sentiment.
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Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »