Fund managers have been flocking to a handful of large-cap stocks, leaving themselves vulnerable to a mass exodus and sharp selling, should any of the companies disappoint. A Monday UBS note details the 10 most"overweight" stocks in active funds around the world. The term describes stocks held in portfolios at a greater proportion than their relevant benchmark, the analysts wrote.
Fund managers have been flocking to a handful of large-cap stocks, leaving themselves vulnerable to a mass exodus and sharp selling, should any of the companies disappoint. A Monday UBS note details the 10 most"overweight" stocks in active funds around the world. The term describes stocks held in portfolios at a greater proportion than their relevant benchmark, the analysts wrote.