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Goldman Sachs: Fund Managers Back Away From Amazon As They Cut FANG Exposure
FYI: According to data from Goldman Sachs, mutual funds have been reducing their exposure to the so-called FANG group of stocks, a quartet of technology and internet names where the acronym refers to Facebook FB, +0.59% Amazon AMZN, +1.14% Netflix NFLX, +1.90% and Google-parent Alphabet GOOG, +0.48% GOOGL, +0.36% (Some analysts also include Apple AAPL, +0.00% in the unofficial group.) Regards, Ted https://www.marketwatch.com/story/fund-managers-cut-fang-exposure-biggest-move-is-away-from-amazon-2018-08-23/print
