AXA Framlington American Growth managers Stephen Kelly and Dan Harlow have cut their position in Apple after growing concerned over margin pressures at the world’s largest tech firm.
The pair have moved from overweight to underweight on the stock within their £700m portfolio, reducing their holding from 7.6% to 4.5% of the fund following Apple's interim results in January. After...
Joining global rates team
UK consumer discretionary sector
Failed to be "open and co-operative"
Issue raised by ESMA last week