Hedge Funds Are Most Bullish on EM Equity Futures Since 2020

Net long leveraged fund positions on futures linked to the MSCI Emerging Markets Index have been positive every week since the start of July and now total 62,544 contracts, the highest since March 2020, according to data compiled from Commitments of Traders reports from the US Commodity Futures Trading Commission.

The rising long positions come even as China’s worsening economic slowdown continues to mar the outlook for the asset class. They also provide a contrast to Treasuries, which sold off in the leadup to the Jackson Hole central-banker conference this past weekend. While it’s difficult to tell if such futures bets are outright longs or hedges for bearish wagers, the increase at the very least signals that funds want to limit their negativity about emerging markets.

The move may prove prescient, as Chinese stocks advanced Monday after authorities announced a slew of measures to woo back investors. Still, MSCI Inc.’s EM equity benchmark has risen 2.6% this year, on course for its third-straight yearly underperformance versus the MSCI all-country index that’s up 11%.

The Commitments of Traders reports provide a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.

Source: News Formal (newsformal.com)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ajax Pickering Hospital Foundation raising funds Sunday at Ajax DownsThe Ajax Pickering Hospital Foundation is gearing up for Family Fun Day at Ajax Downs. The event begins Sunday at 10 a.m. Organizers promise live music, m
Source: DurhamRadioNews - 🏆 70. / 51 Read more »

B.C. funds $850K for Burnaby post-secondary graduate scholarshipsCan more funding for Burnaby-based SFU and BCIT programs help meet future in-demand jobs?
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

China approves 37 retail funds to help revive marketSHANGHAI (Reuters) - China's securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Man runs nine marathons in nine days across Vancouver Island for charitySquamish runner's epic journey aims to raise funds for Doctors Without Borders.
Source: timescolonist - 🏆 15. / 75 Read more »

N.W.T. RCMP warning of relief fund scams targeting those fleeing wildfiresThe Northwest Territories RCMP stated in a news release Sunday that they’ve become aware of a text message scam purporting to connect wildfire evacuees to relief funds.
Source: CTVNews - 🏆 1. / 99 Read more »

Egypt Stocks Hit Record High as Investors Seek Inflation OffsetEgypt’s benchmark stock index hit a record high, spurred by investors looking to hedge against surging inflation driven by a series of currency devaluations and the fallout from Russia’s invasion of Ukraine.
Source: BNNBloomberg - 🏆 83. / 50 Read more »