Apple Is A Top-10 Holding In 26% Mutual Funds, 16% Equity ETFsOctober 7, 2011 3:09 am
We spotted this today:
“Investors would be smart to assets their exposure to Apple in relation the passing of Steve Jobs and the new reign of Tim Cook. According to S&P, about 26% of domestic and global equity mutual fund share classes listed Apple as on of their top-10 holdings in their most recent filings.
In terms of equity-focused ETFs, about 16% of all those listed in the U.S. held Apple as one of their top-10 holdings. And those holdings are pretty substantial. For example, the PowerShares QQQ ETF lists Apple as its top holding at 14.6% of its total portfolio, something like $3.3 billion in Apple shares.”
Statistics Source: Forbes