At the end of every quarter all registered collective investment schemes in South Africa release data on the holdings in their funds. This data allows analysts to get an idea of which shares are most popular, and which are least popular among the people who know what they’re talking about.
Not surprisingly, most of the figures haven’t moved around since the end of last quarter. That is, apart from Standard Bank, which has fallen to 11th place, and FirstRand has moved in to 10th, with Old Mutual shifting up a single place.
What is surprising is that every one of these stocks is held by fewer funds now than it was at the end of June. What does that mean? Well, it might indicate that local fund managers are shying away from the local equities – finding good value difficult to come across on the JSE.
|Share||Number of funds at 30 June 2013||Number of funds at 30 Sept 2013||Change||Position at June 2013|
|British American Tobacco||232||230||-2||5th|
[Source : Moneyweb]
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