SHOP Stock Boosts Tech-focused Funds Rated High in Morningstar Survey | InvestorPlace
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Progress in e-commerce boosted main mutual funds’ SHOP stock holdings
Robert Lakin, InvestorPlace Contributor
Aug 28, 2020, 5:46 am EDT
August 28, 2020
Two Morgan Stanley mutual funds, Morgan Stanley Perception Fund (MUTF:CPOAX) mutual fund and its Morgan Stanley Institutional Progress Fund (MUTF:MSEQX), each targeted on tech stocks, topped a Morningstar efficiency survey which in contrast 1,500 US-based actively managed mutual funds and ETFs that had at the very least $1 billion in mid-February, the Monetary Occasions reported.
Supply: Past The Scene / Shutterstock.com
As of Wednesday, the 2 funds had been up 59% and 55%, respectively, far outpacing the S&P 500 index.
Each are run by the identical staff of portfolio managers led by Dennis Lynch,
High holdings embody Shopify (NYSE:SHOP), Coupa Software program (NASDAQ:COUP) , which supplies accounting instruments to companies, Sq. (NYSE:SQ) and Amazon (NASDAQ:AMZN).
In June, InvestorPlace contributor Louis Navellier gave COUP stock an A ranking in his Portfolio Grader, and wrote “that makes it well worth considering as part of your portfolio.”
In the meantime, InvestorPlace contributor Luke Lango final month instructed readers to “stick with a long-term strategy on SHOP stock. Trim some on rallies. Buy back on dips. And ultimately stay the course for the long haul.”
Article printed from InvestorPlace Media, https://investorplace.com/2020/08/shop-stock-coupa-boost-tech-focused-funds-rated-tops-in-morningstar-survey/.
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