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Fund managers unconvinced by Apple rebound as firm readies results

22
Jul
2014

By David Randall and Edwin Chan NEW YORK/SAN FRANCISCO (Reuters) – Apple, once a cant-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. Yet the company remains one of the most significantly underweighted stocks among large cap fund managers, according to a Goldman Sachs report. Part of the reason for a lack of portfolio manager enthusiasm is that Apple Inc no longer seems to be the hot growth company of old, fund managers say. Apple reports results for its fiscal third quarter on Tuesday, July 22.

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