Clouds clearing, or clouds on the horizon?
Our very good friend Mark Carew at Morgans whipped up these neat little clouds to visualise the relative popularity, at 30 June 2014, of various small cap stocks held by fund managers that specialise in small caps.
The larger the word, the more popular the holding within the top ten stocks held by the 31 fund managers surveyed.
Mark has also surveyed the top ten holdings of seven managers running ex-50 portfolios. The relative popularity of the holdings also appears below. SEEK (ASX: SEK), Boral (BLD) and ResMed (RMD) were the most popular. Whether a stock being held in the majority of professional portfolios means you should also buy them, or whether it means there’s nobody left to buy the stocks and you should sell them, remains to be seen… as always.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Bob
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So is your fund holding SEK, BLD or RMD?