Megacap US tech headaches to persist for fund managers: Goldman

Megacap US tech headaches to persist for fund managers: Goldman The stunning rally in the largest US technology stocks has proved a drag on mutual fund performance, and it’s one that expected to extend into the new year, according to Goldman Sachs. That’s true even after portfolio managers increased their exposure to the group in the September quarter. “The average large-cap fund is 647 basis points underweight the ‘Magnificent Seven’ stocks,” Goldman strategists including Cormac Connors said in a note. …