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U.S. stock funds invested abroad draw most cash since 2015: ICI

May 17, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – U.S. fund investors are snapping up foreign stocks, giving international equity managers the most cash in two years, Investment Company Institute data for the latest week showed on Wednesday. U.S.-based funds that primarily buy stocks outside of the country attracted $8.2 billion in the week ended May 10, while investors pulled $991 million from domestic equity funds, the trade group said. That is the best week for the foreign-focused funds since April 2015 as European stocks rallied on hopes of…

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Despite record highs, fund managers globally remain underweight Apple

May 2, 2017 By David Randall NEW YORK (Reuters) – Active stock fund managers around the world are holding the lowest percentage of Apple Inc 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…

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