22nd May 2019 - Vanda Hippocrates Sleeve: US Banks Could Benefit From A Mutual Fund Rotation

- Long only managers continued to be net buyers of US equities at the start of this week. - Trade war headlines, like most risks, tend to have a strong initial impression followed by a declining marginal impact. - I suspect US long-only managers will begin rotating out of tech and into financials. - Markets are pricing in no inflationary impact from trade tensions.

For further information about this research publication contact us at sales@vanda-securities.com.