Investing.com — Hedge funds sold global equities last week for the first time in five weeks, with North America and Europe leading the outflows, according to Goldman Sachs’ Prime desk.
The desk, led by Vincent Lin, reported that short sales exceeded long purchases by a ratio of 1.3 to one. All major regions were net sold except for Asian developed markets.
Macro products were net sold for the first time in a month. Single stocks were net purchased during the period.
At the sector level, seven out of 11 global sectors were net purchased. In dollar terms, financials, materials, and energy saw the most buying activity. Industrials, information technology, and utilities were the most net sold sectors.
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