Enthusiasm for synthetic intelligence has propelled inventory markets to all-time highs in 2024.
Whereas some are cautious and flag threat forward, fund supervisor Stephen Yiu and his Blue Whale Growth Fund stay invested in lots of the shares behind the rally, together with Nvidia.
On CNBC’s Professional Talks, Silvia Amaro will ask the outperforming investor the place he sees alternatives and dangers within the present market.
Watch Pro Talks live on Wednesday, December 18, at 12 p.m. London / 8 p.m. Singapore / 7 a.m. ET. Professional Subscribers can submit questions for Yiu here.
Yiu is a portfolio supervisor on the U.Okay.-based Blue Whale Progress Fund and manages $1.4 billion in belongings. Launched in 2017, the fund usually has a “high-conviction” portfolio of as much as 35 shares.
He beforehand instructed CNBC Professional that he had been selling shares of Microsoft, one of many largest backers of ChatGPT maker OpenAI, on considerations over the tech big’s future profitability amid speedy AI spending.
The fund returned 30.7% in 2023, beating the S&P 500‘s 24.2% acquire, and had delivered 23.6% by the top of November to date this 12 months.
Yiu has navigated the fund by the bust and increase of the pandemic, political instability, excessive inflation and excessive rate of interest environments to internet traders greater than 140% return over the previous seven years.
“We’ve constructed a portfolio of corporations that we consider ought to transcend these points, all of the whereas benefiting from international mega developments to drive outsized returns for traders,” Yiu instructed traders in November. “We’re a fund that goals to compound returns, with the only intention of delivering constant outperformance of the index.”
Yiu has been managing cash for traders for the previous 22 years, beginning with the Hargreaves Lansdown MM Revenue & Progress Portfolio Belief in 2002.
He arrange the Blue Whale Progress Fund with simply £36 million in 2017, with a part of this funding coming from Peter Hargreaves, the founding father of U.Okay.’s largest retail brokerage Hargreaves Lansdown.
To observe Stephen Yiu’s prime funding concepts, click here to join CNBC Pro Talks on Wednesday, December 18, at 12 p.m. London / 8 p.m. Singapore / 7 a.m. ET.
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