FYI:
Active stock fund managers around the world are holding the lowest percentage of Apple Inc (AAPL.O) shares in their portfolios when compared to the iPhone maker's overall weighting in indexes, even as the shares hit record highs, according to a research note by investment bank UBS late Monday.
The current positioning by investors suggests Apple stock has room to run as portfolio managers chase performance. This should give Apple more fuel even after it rallied 56.4 percent in the 12 months leading up to Monday's close.
Regards,
Ted
http://www.reuters.com/article/us-usa-funds-apple-idUSKBN17Y1XW
