INVESTMENT SHOW: Blue Whale executive on ChatGPT’s threat to Google, where Meta went wrong and why it bought an energy stock for growth
Blue Whale’s strong performance in the early years secured it a place in many investors’ portfolios, but when growth stocks suffered last year, so did the fund.
Manager Stephen Yiu joins Simon Lambert at the Investing Show to discuss the performance and positions of the Blue Whale Growth Fund.
He talks about why the rapid rise in interest rates hit the market so hard, hindering even high-value companies like the ones Blue Whale is looking for, and how the investment outlook has changed.
Stephen also discusses with Simon and Richard Hunter why he no longer owns any of the FAANG stocks but still supports Microsoft and why he chose an unusual name for a growth fund, energy stock Canadian Natural Resources.
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