Global hedge funds sold shares of bank, insurance, fin-tech and trading companies in the week to March 13, making financials the most sold stock sector this year, said Goldman Sachs (GS.N) in a note to clients seen by Reuters this week.
Hedge funds “aggressively shorted” global financial stocks last week and the sector was net sold internationally, the note said.
A short bet profits when asset values decline.
S&P’s financials
