Last week, hedge funds' net purchases of Asian emerging and developed markets hit a record high since Goldman Sachs Prime Services began tracking the data in 2016, largely driven by optimism about artificial intelligence infrastructure companies. The report shows that hedge funds became net buyers of global equities for the first time in three weeks last week, with inflows into all major markets, but Asian markets stood out in particular. As investors adjust their strategies, exiting momentum trends and responding to a weakening U.S. dollar, emerging markets continue to outperform.
