It became the best-performing mutual fund by betting big on Amazon and Tesla, but now, with so many traditional tech stocks trading at such high valuations, the T. Rowe Price Global Technology Fund is selling off its position in those companies and shifting its focus to “companies with stable business models and ‘sticky’ customer relationships that are ‘very resistant to economic fluctuations.’” What category of stocks is the fund investing in now – and what three specific holdings does the fund’s manager highlight? CLICK HERE to find out.
The Top Mutual Fund Is Shifting Its Focus To This Type Of “Stable” And “Sticky” Stock
- by Bob Mitchell
Tags:AmazonBest Performing StocksEconomic FluctuationsFundsHigh ValuationsHoldingsInvestInvestingMutual FundsStock ValuationstocksT. Rowe Price Global Technology FundTech StocksTesla