U.S. pension funds seen selling $33 billion in stocks in near-term: Goldman
Large institutional investors are moving in different directions this week as the month draws to a close, according to Goldman Sachs’s trading desk.
U.S. pension funds are projected to sell approximately $33 billion in stocks as September ends, Goldman Sachs said in a note Monday.
This selling flow ranks in the 98th percentile of the firm’s data dating back to 2000.
At the same time, commodity trading advisors are positioned to buy around $11.5 billion in stocks globally if markets remain flat through the week, the trading desk said.
The buying could increase to $29.9 billion if stocks rise, while a market decline would trigger selling flows of about $15.8 billion.
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