Apple's growing stock market heft poses dilemma for fund managers

NEW YORK: The massive rally in Apple's shares is forcing some fund managers to revisit a thorny dilemma: They may not own enough of the stock.

If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The lower allocations to Apple and other stock market winners may be hurting their performance. Only 20 per cent of actively managed mutual funds with broad US market exposure have outperformed the S&P 500 year-to-date as of Jun 28, according to Robby Greengold, strategist at Morningstar.

The firm likes Apple's stock fundamentals, so"it’s not that we are rooting for it to go down", Todd said."We just think there are other names that have the opportunity to do better."

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Analysis:Apple's growing stock market heft poses dilemma for fund managersNEW YORK : The massive rally in Apple's shares is forcing some fund managers to revisit a thorny dilemma: they may not own enough of the stock. Apple’s share price has soared 49 per cent so far this year, ballooning its weight in stock indexes to record levels and pushing its market capitalization over
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

Apple makes history as first $3 trillion company amid tech stock surgeApple Inc become the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.The iPhone maker's advance was among the most eye catching in a mont
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »