A UBS note included Visa, Google-parent Alphabet, and Comcast among the most 'overweight' stocks in active funds around the world.
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.
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