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...
Could spell risks for investors
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Despite underperformance in June
Effective 20 July