Quant Mutual Fund trims IT exposure, raises FMCG holdings
In short
Quant Mutual Fund cut its exposure to IT stocks and put more money into FMCG sectors. The move came after weak earnings from some tech companies and caution about manufacturing and supply chain problems.
The fund also introduced three new index funds for passive investors. The exact size of the portfolio changes is not stated.
What the reporting says
Quant Mutual Fund reduced its exposure to IT stocks and increased investments in FMCG sectors, according to a publisher summary. The move was linked to disappointing earnings from key tech companies and caution around manufacturing amid supply chain issues. The fund also launched three new index funds for passive investors, but the exact allocation changes are not stated.
Why it matters
Quant Mutual Fund shifted away from frontline IT stocks and toward FMCG, according to the summary. The reported reason was disappointing earnings from key tech companies, along with caution around manufacturing and supply chain issues. The note also says the fund launched three new index funds, but it does not give the scale of the portfolio reallocation or any performance figures.