REUTERS/John Gress
Traders react in the Euro Dollar pit at the Chicago Mercantile Exchange to an announcement by the United States Federal Reserve on interest rates January 28, 2004.
Amazon and Apple are the most overweight and underweight stocks among fund managers globally, according to UBS' study of funds' active positions.
The ranking was based on institutional investment in individual stocks. The total dollar holdings in a stock was compared to the size of the overall fund portfolio to calculate the stock's "investor weight." This was later compared with "the relevant equity index benchmark to form the active weight."
UnitedHealth was the most popular stock among active managers in the US, while Apple was the most unpopular. Exxon and AT&T were other stocks that were out of favor among US money managers.
The most overweight stocks among US active fund managers are listed below.