After weeks of sales, hedge funds are increasingly on bank shares. According to a Goldman Sachs analysis, the commitment to financial values is as high as it has not been in two years.
• After a long time, hedge funds are increasingly investing in banking and finance stocks
• U.S. large banks score with strong quarterly figures
• Financial values have reached the highest hedge fund in two years
Hedge funds return: Bank shares experience strong comeback
Bank shares are very popular again – at least at Hedgefund. After many of these institutional investors had consistently separated from financial values in the past two months, a current report by Goldman Sachs, on which Reuters calls itself, shows a clear turnaround: Recently, banks were again under the most bought stocks, directly behind real estate values.
The analysis is based on internal data from Goldman Sachs. As Reuters removed from it, US financial companies – including large banks such as JPMorgan, Morgan Stanley and Wells Fargo – recorded increased interest in again after convincing number of quarter. Because while JPMorgan and Morgan Stanley reported record sales, Wells Fargo recorded increased customer fees.
Tailwind through strong quarterly figures
These positive signals have apparently convinced many investors to give up their reluctance to the financial sector. According to Goldman Sachs, hedge fund positions in bank shares are currently on a two-year high-a clear sign of growing trust in the profitability of the industry.
Long instead of short: clear trend reversal
In addition, the Goldman Sachs message can be seen that most hedge funds are currently back in long positions – i.e. rising courses. In five of the past seven weeks, purchases dominated with this strategy, while covering short positions – i.e. bets on falling courses – only played a subordinate role.
In general, an upward trend in the sector could therefore be observed, supported by improved fundamental data and a more optimistic market environment.
Editor finance.net
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