Hedge Funds Bet on Europe in Hunt for Next Leg of Stock Rally

Investors are betting that Europe will drive the next leg of the global equity rally, broadening their playbooks as a more expensive US market evokes memories of the dot-com bubble. Hedge funds are now the most exposed they have ever been to European stocks relative to a global benchmark, according to Goldman Sachs Group Inc. data. Mutual funds have also amped up allocations to the region’s equities by the most since June 2020, a recent survey by Bank of America Corp. showed.BY; Sagarika Jaisinghani and Micheal Msika https://www.bloomberg.com/news/articles/2024-03-30/hedge-funds-bet-on-europe-in-hunt-for-next-leg-of-stock-rally