Although the global COVID-19 pandemic continues to impact the economy, it is also accelerating corporate transformation. America's heavyweight technology stocks are benefiting from this trend. No matter when the epidemic ends, these companies with innovative technology will lead the trend. They will not only lead the way in the short term, but will also be big winners in the medium to long term.

Morgan Stanley US Growth Fund - seeking long-term capital appreciation in US dollars

The winner among the individual stocks selected by the Morgan Stanley US Growth Fund was the fund. Fifteen years ago, the fund began laying out disruptive innovative industries, including topics such as cloud computing, artificial intelligence, e-commerce, and electronic payments. These companies have benefited from the current pandemic, and profits, stock prices, and market capitalization have soared at the same time.

At this stage, the fund mainly invests in the core assets of American society driven by innovation. At the same time, it focuses on rapidly growing leaders in industries such as information technology, non-essential consumer goods, health care and communication services, and has strong long-term growth momentum. Not only does the target company have competitive barriers, stable cash flow, and strong portfolio security, it can also enjoy the growth dividends of leading US industries. The fund was founded in 1992 and currently has a size of nearly 7.3 billion US dollars. It is one of America's outstanding development concept funds.

The fund has strong linkage with the market. The yield reached 118.72% in the past year, far surpassing the Russell 1000 Index. It achieved a return on investment of nearly 137% from the recovery in the two years from 2019 to now, excellently capturing the rise in growth stock asset prices brought about by global quantitative easing in 2020. It is one of the most competitive five-star rated funds in the market (Source: Morningstar)

The fund's offensive assets are mainly in information and communication technology. From its top 10 holdings, it can be seen that large innovative companies that mainly invest in various industry segments, such as online shopping, online payments, online meetings, music, and social networking, are all related to the Internet, which also reflects the development trend of today's society — everything can be done online.

As of the end of February 2021, the fund's top five holdings were Twitter, Shopify, Square, Amazon, and Snap Inc., with the top ten holdings accounting for 45.43%. Square provides payment, point-of-sale, treasury, and business management solutions to facilitate trade between businesses and customers, and is the biggest contributor to the industry and portfolio.

The world's leading international financial services institution - Morgan Stanley

Founded in 1975 in New York, USA, Morgan Stanley Investment Management is a leading global asset management company that spans large public and private markets, focusing on high-belief active management. By the end of the third quarter of 2020, Morgan Stanley managed total client assets of US$715 billion and had offices in 23 countries and regions around the world. Of these, 80% of long-term assets are managed by senior investors averaging 20 years or more.

Morgan Stanley has expertise across the public and private markets. It has extensive management experience in equity, fixed income, real assets, and private equity, and has managed more than 20 billion US dollars in various sectors. The company also set up the Hyecheng Global Investment Research Team to manage large-scale value series funds. Its funds performed excessively, recorded an annualized income of nearly 20%, and continued to generate excessive value addition for investors.

Hyosung Global Team - Professional all-rounder

The investment team accepts and cultivates different types of talents, recruits industry leaders with 20 years or more of experience in various fields such as healthcare, communications, technology, and the Internet, and uses the mentality of long-term ownership as the investment philosophy. Use a unique organizational structure to promote thinking in terms of market capitalization, stocks, geography, and principles, and focus on finding unique companies with sustainable competitive advantages.

The MS INVF US Growth Fund is a highly rated major US equity fund managed by Hyosung Global. The team specializes in finding high-quality start-ups with sustainable competitive advantages, strong cash flow returns, and a positive return on investment, focusing on long-term growth and non-short-term events. Dennis Lynch, Head of Hyosung Global, said, “We believe that long-term ownership of unique companies with significant increases in market capitalization driven by fundamental factors is a solid foundation for successful investment.”

fund manager

1. Dennis Lynch: Bachelor of Political Science from Hamilton College, Master of Finance from Columbia University, director of Morgan Stanley Investment Management Cooperative Global Investments. He has 27 years of rich investment experience and successfully managed growth stock portfolios during the bull market in the late 1990s and the bear market in 2000-2002. Joined Morgan Stanley in 1988 and worked as a sell-side analyst at J.P. Morgan Securities.

2. Jason Yeung: CFA, BA in International Relations from Johns Hopkins University, PhD in International Relations from Cambridge University, Morgan Stanley Cooperative Global Investor. Joined the Morgan Stanley Cooperative Global Team in 2004. He has 24 years of investment experience and was a former stock research assistant at Deutsche Bank.