Hamish Douglass, CEO, CIO and Lead Portfolio Manager (Global), discusses why rising tech stocks are still well priced, the strategy driving Amazon’s purchase of Whole Foods and what this means for other retailers.
- Apple, our largest holding, shows outstanding growth prospects.
- Alphabet is proving it is more than just a search business.
- Amazons acquisition of Whole Foods could spell the beginning of a new era in consumer staples
- On the macro front, events could lead to higher long-term interest rates, a potential headwind for equities
- High cash levels in the portfolio reflect a “sit-and-wait” position
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