With large cap Australian Securities Exchange (ASX) biotech company CSL announcing it is producing a COVID vaccine, Money Management looked at which funds have a high allocation to the stock.
On Sunday, CSL had announced it would produce 30 million doses of the vaccine in Melbourne.
According to FE Analytics, there were over 100 funds that held CSL in their top 10 holdings.
Within the Australian Core Strategies universe, specifically in the Australian equities sector, there were over 50 funds that held CSL it in their top 10.
Mutual 50 Leaders Australian Shares had the highest allocation, with 26.3% allocated to the healthcare stock.
IML Concentrated Australian Share had the next highest allocation at 13.86%, IML Australian Share with 13.84%, BlackRock iShares S&P/ASX 20 ETF with 13.8%, and Platypus Australian Equities Trust with 12.19%.