China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Investing.com - Rheinmetall continues to be significantly underowned by long-only investment funds despite a slight increase in positioning during the third quarter, according to a Morgan Stanley report released this week.
The investment bank’s analysis shows that between 63% and 81% of funds across International, Global, and European categories maintained zero exposure to the German defense contractor at the end of the third quarter, only marginally improved from 65-86% at the end of the second quarter.
The broader European defense sector has achieved better positioning, with 31-56% of funds having no exposure, down from 35-60% in the previous quarter, the report indicates.
Morgan Stanley also highlighted that Leonardo has emerged as a top overweight position for Global Funds on a weighted basis versus benchmark, though this is concentrated among just 5% of global funds holding outsized positions.
The report additionally revealed surprisingly low long-only positioning in Siemens Energy, with 64-84% of funds maintaining zero exposure at the end of the third quarter, only slightly decreased from 70-86% at the end of the second quarter, despite the company’s growing index weight.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.