Morgan Stanley Instructs Hedge Fund Managers: "Get Junk Out of Trunk"
As market volatility increased, so, too, did hedge fund exposure to low quality stocks, a Monday Morgan Stanley report observed. As a result, it’s time to “take some of the junk out of your trunk,” the report advises hedge fund managers.
Morgan Stanley: High quality stocks out of favor on a relative basis
Using a proprietary model to divide stocks into four quality categories -- high, moderate, low quality or junk – the . . .
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