Allegedly Financial Services Gooldman Sachs says that hedge funds resolve shares at a rate that has not been seen since 2024.
In a note for investors, Goldman Sachs out Last week, hedge funds bought global shares at the fastest pace since November 2024, about seven months ago, Reuters reports.
The buying spree is because stock markets end the month with their strongest May performance in decades. For example, the S&P 500 (SPX) rose in May by more than 6%, the largest monthly increase since November 2023 and the best performance for the month of May since 1990.
Goldman Sachs says that hedge funds closed the week to be bullish in every global region, with North America and European markets seeing the most interest.
Hedge funds were the most aggressive in the technology sector and bought the largest weekly number of net long positions in technology companies in more than five years. Buying was concentrated on companies involved in the artificial intelligence industry, including manufacturers of semiconductors, technology hardware producers and electrical equipment companies.
North American technology companies were favored by hedge fund trade, followed by European technology companies.
The worldwide hedge funds purchased in the European sector also include consumer-discretionary, financial, health care and communication companies.
Goldman Sachs says that hedge funds have mainly purchased individual shares, but have also done some long transactions in stock indexes, in the expectation that asset prices will rise.
Follow us on X” Facebook And Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney