In the Margins

Despite tax bill, investors not betting on household windfall

January 4, 2018

By Bloomberg

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



Most Read

Top of the Agenda - Compensation
IDC study: Director pay up more than 5% in 2022

Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of ...