According to Morgan Stanley’s July 28 Hedge Fund Positioning Update, hedge funds are getting bullish on equities outside the United States as Brexit fears subside and markets rally.
According to the prime brokerage report, which is based on aggregated information provided from filtered Morgan Stanley Prime Brokerage data, hedge funds have consistently brought equities throughout July even as the MSCI AC World has been mostly flat since July 14.
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Hedge funds turn bullish on European stocks
Morgan’s data shows that July has been the most net brought month since April 2015, and if you exclude March and April 2015, July has seen the most net buying by hedge funds for several years. Europe has dominated the...
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