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An update from Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) is now available.
Morphic Ethical Equities Fund reported a 4.5% net loss in March, underperforming its MSCI ACWI benchmark for the month but outperforming it over the quarter, while delivering a 17.6% gain over the past year. The period was dominated by volatility from the Iran conflict and surging AI-related demand, prompting the manager to rotate the portfolio, trim certain cyclicals and exit names like Zillow, while adding new positions including Forgent Power Solutions to capture structural growth in power and AI infrastructure.
The manager views the Iran ceasefire and ongoing oil supply risks as a key macro overhang but believes core defensive holdings, some of which benefit from higher energy prices, should mitigate short-term shocks. At the same time, accelerating AI adoption, tight GPU supply and rising compute demand are seen as validating long-term capex in data centers and power systems, underpinning a bullish stance on holdings such as MTZ, PUMP and newly added FPS, despite recent drawdowns in select growth names.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Limited is a global responsible investment fund that aims to grow investor wealth while avoiding businesses that harm the environment, people or society. The fund excludes direct investments in sectors such as fossil fuels, intensive animal farming, tobacco, alcohol, armaments, gambling and old-growth logging, targeting ethically aligned equity exposure worldwide.
Average Trading Volume: 22,280
Technical Sentiment Signal: Strong Buy
For an in-depth examination of MEC stock, go to TipRanks’ Overview page.