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Thursday, December 27, 2012

Is Apple Killing Funds?

News summary by MFWire's editors

Is Apple dragging down your fund? According to various financial prognosticators, it just may be.

Shares of the electronics giant are down ten percent. This could be responsible for the small returns from the SPDR S&P 500 ETF, according to Barron's reporter Brendan Conway.

That fund is four percent Apple. Even more alarming is the news for shareholders in the PowerShares QQQ fund, which is 18 percent Apple stock and down seven percent.

This story was also covered in Reuters and the Wall Street Journal.  

Edited by: Ben Geier


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