Hedge Funds Buy Most Asian Stocks in a Decade, Goldman Says
Pedestrians cross a road in front of the Samsung Electronics Co. semiconductor plant in Pyeongtaek, Gyeonggi Province, South Korea.
Photographer: SeongJoon Cho/BloombergEmerging and developed Asian markets saw the largest net-buying by hedge funds last week since Goldman Sachs Group Inc. Prime Services trading desk began tracking the data in 2016, as the region benefits from the optimism for AI infrastructure firms.
Hedge funds were net buyers of global stocks last week, the first time in three weeks, with money being pushed into all major markets — but Asia was the standout, according to a note from the desk. Emerging markets continue to outperform as investors rotate out of momentum trends, but also react to a weakening of the US dollar.