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Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) has shared an update.
Morphic Ethical Equities Fund Ltd. reported a -2.3% return for the month, underperforming the MSCI All Countries World Index. The fund’s performance was affected by market volatility due to interest rate expectations and AI spending concerns. Despite challenges, the fund remains optimistic about AI investments, particularly in data centers and neo-clouds. Key contributors to the fund’s performance included Corpay and Sigma Lithium, while Nebius and Galaxy Digital were detractors. The fund continues to focus on sectors with growth potential, such as AI and digital assets.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Ltd. operates in the ethical investment industry, focusing on providing investment opportunities that avoid businesses harmful to the environment, society, and people. The fund excludes investments in sectors such as coal, uranium mining, oil and gas, intensive animal farming, tobacco, alcohol, armaments, gambling, and logging.
Average Trading Volume: 21,225
Technical Sentiment Signal: Buy
For detailed information about MEC stock, go to TipRanks’ Stock Analysis page.