Hedge Fund Managers Remain Bearish Over US Dollar
Most hedge fund managers believe the value of the US dollar will sink further
during December, whilst sentiment has shifted towards the bullish side on
the prospects for US equities, according to the Van Hedge Fund Advisors International
Sentiment Indicator. The Sentiment Indicators are based on the outlook of hedge fund managers employing
a macro view and who manage, in aggregate, in excess of $30 billion in assets.
The indicator reveals the managers’ pessimistic view on US Dollar holds,
with 60% of the managers expecting it to continue its slide this month. The data also shows that bearish sentiment over the price of 10-Year Notes has increased
significantly this month, with 80% expecting prices to fall through December. Meanwhile, the group are now more positive over the short-term outlook for
equities, with 55% expecting the S&P 500 index to rise in December, against
33% who were bullish in November. A comprehensive report describing the investment fund sector in most key offshore jurisdictions, with details of the regulatory structure, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/
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