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Hedge Funds Double Down on U.S. Stocks as Tech Buying Surges
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Hedge Funds Double Down on U.S. Stocks as Tech Buying Surges
TLDR: Hedge funds posted their second-largest weekly U.S. equity purchase in 12 months, led by technology stocks. Single stocks made up about 70% of U.S. net buying, while index futures and ETFs accounted for roughly 30%. Eight of 11 U.S. sectors were net bought as technology and communication services led hedge fund demand. Global hedge fund assets hit $5.6 trillion in Q2 after a record $409.3 billion increase, according to HFR. Hedge funds re…
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