Hedge funds took profits in large cap consumer discretionary stocks in the fourth quarter of 2011 and put more money to work in the tech sector, which has been the top performer so far this year.
 |
cnbc.com |
A new report from Credit Suisse [CS 27.06 
0.24 (+0.89%) 
]analysts shows that the top 50 hedge funds raised their portfolio exposure to the S&P 500 technology stocks to 27 percent in the fourth quarter from 24 percent a quarter before.
0.24 (+0.89%) ]analysts shows that the top 50 hedge funds raised their portfolio exposure to the S&P 500 technology stocks to 27 percent in the fourth quarter from 24 percent a quarter before.At the same time, the hedge funds significantly decreased their exposure to consumer discretionary stocks, which had the largest weight in the first three quarters of 2011... read more
No comments:
Post a Comment