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FSRPX Related News Story

beebee
edited June 2020 in The Bullpen
The historical risk attributes of the mutual fund so far match my risk profile. Upside capture of 139 and downside capture of 91. The top ten in this fund are online shipper (Amazon), Home Building supplier HD and Lowes, discount store ROSS, TJX, Burlington Stores, Dollar General, Dollar Tree. The top ten holdings make up 75% of the fund (concentrated bets).

Article from Reuters:
A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns. As retailers reopen around the world, they have to work out how to get rid of it.

Their main options? Keep it in storage, hold a sale, offload it to “off-price” retailers like TJ Maxx which sell branded goods at deep discounts, or move it to online resale sites.

None are ideal
Link:
us-health-coronavirus-retail-inventories/sell-stow-or-dump-retailers-wrestle-with-mountain-of-unsold-stock
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