Enthusiasm for synthetic intelligence has propelled inventory markets to all-time highs in 2024.
While some are cautious and flag danger forward, fund supervisor Stephen Yiu and his Blue Whale Growth Fund stay invested in most of the shares behind the rally, together with Nvidia.
On CNBC’s Pro 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. Pro Subscribers can submit questions for Yiu here.
Yiu is a portfolio supervisor on the U.Okay.-based Blue Whale Growth 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 Pro that he had been selling shares of Microsoft, one of many largest backers of ChatGPT maker OpenAI, on issues over the tech large’s future profitability amid fast AI spending.
The fund returned 30.7% in 2023, beating the S&P 500‘s 24.2% achieve, and had delivered 23.6% by the top of November thus far this 12 months.
Yiu has navigated the fund via the bust and growth 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 have constructed a portfolio of corporations that we imagine ought to transcend these points, all of the whereas benefiting from world mega developments to drive outsized returns for traders,” Yiu instructed traders in November. “We are a fund that goals to compound returns, with the only real 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 Income & Growth Portfolio Trust in 2002.
He arrange the Blue Whale Growth 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 watch Stephen Yiu’s high 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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