Mutual fund managers are really long banks, and it’s killing them

Mutual fund managers are really long banks, and it’s killing them

Traders work on the floor of the New York Stock Exchange on August 14, 2019
Spencer Platt | Getty Images

Stock pickers are heavily invested in bank stocks, and it hasn’t been working out well for them.
Mutual funds are most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597 equity mutual funds with $2.6 trillion of asset under management, based on their…

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