Big problem for fund managers: liking Apple too much


CATCH 22 SITUATION: That devotion for Apple is a problem for Burnham and some other managers of so-called diversified funds like his

NEW YORK: At more than 15% of his fund's assets, John Burnham, manager of the US$136mil (RM504.07mil) Burnham Fund, has a larger stake in Apple Inc than any other diversified fund. 

"I think they are doing everything right and it's still a cheap stock based on earnings and revenue," he says. 

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