Fund managers unconvinced by Apple rebound as firm readies results


SOME TROUBLE: Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. — Reuters

NEW YORK/SAN FRANCISCO: Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. 

The company's shares are up 17% for the year, nearly three times the performance of the benchmark Standard & Poor's 500 stock index over the same time. Yet the company remains one of the most significantly underweighted stocks among large cap fund managers, according to a Goldman Sachs report. 

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