Source: Business Insider
Summary List Placement UBS, in a new research report, takes a look at the stocks that global active fund managers are most overweight and underweight across various regions. Active fund management is the art of a fund manager picking and choosing investments with the goal of delivering performance that beats a funds benchmark or index. The report provides insight into top active fund managers sentiments in the equity markets with some surprising stocks making it into the both overweight and underweight lists. Top technology stocks Amazon and Apple are among the three biggest underweight holdings, while financial services companies like Visa, Mastercard and PayPal are among the biggest overweights. In the October 19 report, UBS equity analyst Paul Winter leverages data from FactSet to calculate an investor weight and an active weight across all stocks. The investor weight is calculated by the sum of all holdings in dollar value across the managers and then the weighting of the stocks within this aggregation.