Apple is one of the S&P 500’s standout performers this year, but rather surprisingly, global active fund managers are underweight the stock compared to the MSCI AC World Index. This data comes from the latest issue of UBS’s most recent Top 10 crowded trades report. [buffett] Hedge Fund Q3 Letters To compile the report, UBS’s Global Quantitative analysts use institutional ownership data provided by FactSet to form an active trading portfolio by aggregating positions across global active managers. This aggregated active portfolio is then compared to relevant equity index benchmarks to form the active weight. Active Portfolios Love Aflac, Hate Microsoft and…
Active Managers Love Aflac, Hate Microsoft And Berkshire
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk