FABRICE COFFRINI/AFP via Getty ImagesSummary 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. For the active weight, Winter compares the investor weight with the relevant equity index benchmark.
The two weightings help UBS calculate active managers weightings of stocks across regions. The rankings are ordered by active weight.
Here's is the top ten most overweight and underweight stocks globally for this week.Most Overweight1. Visa Inc - Class ABusiness Insider Markets
Investor weight: 0.94%
Active weight: 0.30%
2. Adobe IncBusiness Insider Markets
Investor weight: 0.64%
Active weight: 0.18%
3. Alibaba Group Holdings Ltd.Business Insider Markets
Investor weight: 1.26%
Active weight: 0.17%
4. PayPal Holdings IncBusiness Insider Markets
Investor weight: 0.59%
Active weight: 0.16%
5. Mastercard Incorporated - Class ABusiness Insider Markets
Investor weight: 0.72%
Active weight: 0.15%
See the rest of the story at Business Insider
- Buy these 7 unheralded stocks right now for near-term upside of at least 25% as growth accelerates to a new level, RBC says
- The founder of an ETF trouncing 99% of competitors explains how industry pioneer Burton Malkiel taught him how to invest in emerging markets — and shares 5 stock picks he loves right now
- GOLDMAN SACHS: Buy these 21 high-growth stocks that have huge upside potential as future index leaders