Actively Managed Funds Active Share Hits Record

Following a brief period in which actively managed funds were overweight the Tech sector relative to the wider market, Tech has now fallen to the second most popular position behind Discretionary according to Bank of America Merrill Lynch’s latest active managers’ holding update. 70% Of Active Mutual Funds Outperform In January 2018 Does Passive Investing Have A Cap Of Market Cap? The Imitation Game: Quality Investing Case Studies According to the update, active managers cut their relative position in Tech to the lowest level in 15 months last month, while increasing exposure to discretionary stocks from 1.2x to 1.22x. Tech…