Why we sold Amazon

Livewire Exclusive

Livewire Markets

Amazon has been a long-term holding in the Fidelity Global Equities Fund, but Portfolio Manager, Amit Lodha, says they’ve recently exited their position, citing three key reasons for the change. Amit shares his views in the video below.

Key reasons for the sale:

  • Amazon has signalled the need for a physical presence to expand further, which will increase capex requirements and could result in lower returns on invested capital
  • The current valuation is assuming the complete success of their new strategy
  • The size of the company could begin to attract the attention of regulators.

For further insights from Fidelity International, please visit their website

2 contributors mentioned

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.