Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.
Health care has become the biggest sector exposure for hedge funds at 18% by the end of the second quarter, Goldman says.
Information technology is now the most underweight sector for hedge funds as they trimmed positions in semiconductors and other stocks exposed to the trade war, according to Goldman.With the U.S.-China trade war showing no resolution in sight, hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.
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