Saturday, January 1, 2011
Gold ETF Capital predators Soros battle to lighten up bank shares.
<P> And no indication that the rapid rise in the gold market wave has ended, but Soros has begun to lighten up. .According to 15, submitted to the U.S. securities regulatory authorities documents showing that three quarters of this year, Soros's funds reduced the size of gold investment. .The "Warren" Buffett and a famous fund manager John Paulson is entangled in the banking sector the opportunity to make a difference to their choice. .</ P> <P> Soros holdings of gold investment </ P> <P> capital Soros choice in the third quarter of this year, part of its gold holdings of investment. .He has pointed out, gold will be "the ultimate bubble." .</ P> <P> Soros Fund Management Companies 15 to U.S. regulatory agencies to submit documents showing that the end of the third quarter of this year, Soros will be the world's largest gold exchange-traded fund (ETF) SPDRGoldTrust stock positions by the end of 6 .reduction of 524 million to 470 million shares. .However, he also bought 70.5 million shares SPDRGold subscription options. .</ P> <P> According to the paper, Soros's Fund for the second quarter of this year bought 130 million shares of American Telephone and Telegraph Company stock, thereby enabling the Fund as of September 30 positions on the stock size increased to $ 51,400,000. .In addition, the fund also bought 897,813 shares of the third quarter of Monsanto stock. .Money terms, the Soros Fund, Monsanto is the second largest stock positions, the fund currently holds a total of $ 312,600,000 in Monsanto stock. .</ P> <P> In addition, the documents also show that, as of the end of the third quarter, George Soros's hedge fund growth in the size of 31.6% over the second quarter, reaching 6.7 billion U.S. dollars. .</ P> <P> banking sector diverge </ P> <P> another 15, according to a document submitted to the regulator shows Warren Buffett's Berkshire Hathaway shares in the third quarter .Wells Fargo Bank of New York Mellon and overweight. .</ P> <P> According to the paper, as of the third quarter, Berkshire holds 199 million shares of Bank of New York Mellon, Wells Fargo shares held by the second quarter of 320,100,000 shares to 336,400,000 shares. .Short-term interest rates level, efforts to finance assistance programs are not reduced, as banking stocks Buffett important reason selected. .Since early 2009 the company had four consecutive quarters of holdings of Wells Fargo shares. .Wells Fargo reported third-quarter profit 3.34 billion U.S. dollars, reflecting improved credit conditions. .</ P> <P>, however, is different from the favor bank stocks Buffett, the famous hedge fund manager Paulson is aggressively selling shares of some banks. .According to documents submitted to regulators, Paulson's hedge fund in the second quarter of this year, Bank of America sold 3,000 shares. .According to Bloomberg data show that this wave of selling that Paulson, the size of the stock holdings of Bank of America to reach 606 million. .He also sold 8,270 shares of Citigroup shares, reducing the stock size of 247 million. .</ P> <P> foreign media reported that Paulson in the third quarter of the reduction is mainly on account of regulatory changes and the error mortgage investment dispute will hit the profitability of the banking industry. .</ P> <P> 15 U stock market late, of New York Mellon Bank rose 0.98% to $ 27.76 and Wells Fargo rose 0.51% to $ 27.68, Bank of America declined slightly by 0.17% to 12.10 dollars. .</ P>.
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