Active mutual fund managers were pulling their money from consumer stocks at a faster pace in the past few months than any other sector in the market. Non-index mutual fund managers now have their lowest exposure to discretionary consumer stocks since the middle of 2015, and for consumer staple stocks, the exposure is the lowest since 2009. As a result, companies that would benefit from an increase in household wealth and spending are increasingly falling out of favor with professional investors. Read the original story from Bloomberg.
