Materials

Report by Copley Fund Research

Ownership levels move to all-time highs in the stock after significant rotation from global managers - a record 26.9% of the global funds in Steven Holden’s analysis now hold a position, pushing the net overweight to a 7-year high. Over the last 6 months, these moves have been among the largest among global Materials sector peers. LIN captured the largest increase in average weight, the largest overweight move and the most funds switching from underweight to overweight. Only Shin-Etsu Chemical saw a larger increase in funds invested. This was most definitely an active rotation.