Lates News

Goldman Sachs strategists say that hedge funds reduced their positions in the "tech seven giants" of US stocks in the first quarter while increasing their holdings in Chinese concept stocks. The team led by Ben Snider stated that despite escalating trade tensions at the end of the quarter, hedge funds gradually increased their exposure to Chinese ADRs while reducing their net exposure to most companies among the "tech seven giants". These strategists noted in a report on May 20 that the most popular Chinese concept stocks held by US hedge funds include Alibaba, Pinduoduo, Baidu, and JD.com.