(Yahoo Finance) During the second quarter, the 50 biggest hedge funds started buying stocks again, increasing their equity exposure by 0.3%, according to a new report from FactSet.
Hedge funds bought consumer stocks, while they sold off financials and healthcare, the FactSet report said. Specifically, the largest funds added $4.2 billion in the consumer discretionary sector and $1.8 billion in consumer staples. Meanwhile, approximately $3.4 billion worth of stock in the financial sector was sold, while $2.1 billion was moved from health care.
