A large number of UK funds have been hit by the 35 percent fall in Apple’s share price since its peak during September of last year. FE data reveals that 135 funds and 10 investment trusts hold Apple as one of their top 10 holdings.
Highlighting the extent to which UK funds hold Apple, the following information reveals the top three funds exposed to Apple’s recent slide:
1. L&G Global Technology Index – 17.9% exposure
2. FF Global Technology – 10.2% ”
3. CF Westchester – 9.9%
Read the full research at Trustnet.com.