Returns in CPSE ETF have been fuelled by a stellar rally in public sector names. However, going ahead with the election year, investors would be wise to moderate their expectations and book part profits if they have seen good returns
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Hedge funds bought more U.S. stocks than they sold last week for the first time in ten weeks, adding $554 million to their portfolios, Bank of America said in a note about its clients' flows. The hedge funds' net purchases occurred in a week when the S&P 500 index posted a record high close on Friday for the first time in two years, amid a rally in chipmakers and mega-cap technology stocks. Still, hedge funds are net sellers of roughly $2 billion in shares on a year-to-date basis, BofA said.