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...