While There Is Love For Financial Stocks, That Sector Affection Is Not Equal

After the US Presidential election, decided trends took place among institutional investors in the financial sector. With financial stocks up nearly 6% year to date adding to strong November and December performance, significant portfolio rotation took place.  A top overweight in both hedge fund and mutual funds portfolio following the Trump election include Capital One Financials and CMEGroup, while BlackRock is a hedge fund favorite and Goldman Sachs was an overweight in mutual funds positioning, an Evercore ISI report noted.

Hedge funds don't love banks, but some banks preferred over others

While there is significant love for financial stocks post-Trump election, that affection has not been even-keeled, however. This is a point...