(Reuters) - While it did not specify the stocks that Contrafund underweighted, the Web site showed financials accounted for 17.8 percent of the fund's portfolio as of March 31, compared with 19.9 percent as of Feb. 28 and 20.8 percent as of Sept. 30.
Contrafund, which is managed by William Danoff, is closed to new investors. It returned 1.41 percent in the three months to March 31, compared with 0.64 percent for the S&P 500 Composite index. As of Tuesday, the fund's year-to-date return was 5.33 percent.
Read more at Reuters.com Bonds News
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