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Investing.com -- Investment managers increased their exposure to technology and consumer discretionary sectors last week, while overall market flows remained subdued across most sectors. Long-only fund managers primarily boosted positions in tech and consumer discretionary stocks, according to market data illustrated in Figure 3.
These same long-only managers reduced their holdings in consumer staples stocks during the week. Their trading activity in other sectors remained relatively flat, with technology and consumer discretionary standing out as the main areas of increased investment.
Hedge funds also operated as net buyers in the market last week, with a particularly significant increase in exposure to consumer discretionary stocks. Unlike their long-only counterparts, hedge funds added to their consumer staples positions, showing divergent strategies between the two investor types.
While building positions in consumer sectors, hedge funds simultaneously reduced their exposure to materials, energy, and communication stocks. This rotation suggests a tactical shift in sector allocation among these more active investment managers.
The overall muted flows across most sectors indicate a measured approach to market positioning, with the targeted increases in consumer discretionary stocks representing the most decisive directional bet among both investor groups last week.
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