What the Upcoming Apple Event Means for Mutual Fund Investors

On Thursday, Apple (AAPL) announced its highly anticipated event for the iWatch. Here’s what the upcoming event means for mutual fund investors.

Apple announced that it will host a “special event” on March 9, which is expected to be the announcement of its iWatch. The event, which Apple named its “Spring Forward” event, will be hosted in San Francisco and will likely include a product demonstration, pricing information and availability.

While spectators are expecting an iWatch announcement, many analysts expect additional products to be announced.

The spotlight has certainly been on Apple for some time. The company has passed the $750 billion market cap point, and is now twice as large as Exxon (XOM). In addition to its exceptional growth, there have been several rumors floating around about the tech giant including, an entry into the auto industry with a potential iCar, and the possibility of the company being added to the Dow 30.

However, going forward, many investors will be focusing on what they already know – the iWatch will be unveiled next month. The next question will be: How will this announcement impact shares?

While we cannot be sure how shares will react, we can compare this event to the iPhone 6 announcement on September 9. After the iPhone 6 was unveiled and then released on September 19, shares were sluggish. However, since the iPhone 6 event, shares have grew over 30% and analyst estimates have surged. For more information check out: How Does Apple Stock React to Product Releases?

Investors interested in AAPL may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The funds listed above allow investors to gain exposure to AAPL while remaining diversified. Investors interested in AAPL may also be interested in Microsoft (MSFT) and Google (GOOG).