FYI: For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc.
More than 70 percent of the actively-managed U.S. large-cap funds that are beating the 3.5-percent gain in the benchmark S&P 500 own shares of the Seattle-based e-commerce giant, according to Lipper data. Shares of the company are up nearly 45 percent for the year-to-date, and account for nearly 40 percent of the S&P 500’s gain for the year, according to S&P Global.
Regards,
Ted
https://www.reuters.com/article/usa-funds-amazon/some-fund-managers-are-avoiding-amazon-as-it-leads-u-s-market-idUSL2N1T71IS
