Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman says
LONDON, July 27 (Reuters) - Hedge fund bets that healthcare stocks will rise neared a five-year high last week, a Goldman Sachs note showed, as cash-rich speculators believe AI-driven breakthroughs and rich financing conditions will prove profitable. The S&P 500 healthcare index is up almost 5% this year, while European related healthcare stocks are up around 2% in the same period.
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LONDON, July 27 (Reuters) - Hedge fund bets that healthcare stocks will rise neared a five-year high last week, a Goldman Sachs note showed, as cash-rich speculators believe AI-driven breakthroughs and rich financing conditions will prove profitable. The S&P 500 healthcare index is up almost 5% this year, while European related healthcare stocks are up around 2% in the same period. Hedge fund exposure to this sector relative to U.S. equities hovered last week near a 5-year high, the second straight week during which these hedge funds piled into this sector, Goldman Sachs said in the note dated July 24.
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- LONDON, July 27 (Reuters) - Hedge fund bets that healthcare stocks will rise neared a five-year high last week, a Goldman Sachs note showed, as cash-rich speculators believe AI-driven breakthroughs and rich financing conditions will prove profitable. The S&P 500 healthcare index is up almost 5% this year, while European related healthcare stocks are up around 2% in the same period.
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Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman says
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