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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024According to data from investment firm River, 13 of the top 25 U.S. hedge funds had exposure to Bitcoin ETFs by the end of Q1 2024.
Source: Cointelegraph - 🏆 562. / 51 Read more »