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Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) just unveiled an announcement.
Morphic Ethical Equities Fund Limited reported a 1.02% net increase in April, outperforming the MSCI All Countries World Daily Total Return Net Index, which saw a decline of 1.70%. Despite a volatile market environment driven by geopolitical tensions and macroeconomic uncertainty, the fund capitalized on short-term price movements to strengthen its portfolio by investing in high-quality businesses with resilient revenue models. Key contributors to the fund’s performance included Galaxy Digital, Cellnex Telecom, and Greatland Gold PLC, each demonstrating strategic growth and market positioning in their respective industries.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Limited (MEC) operates within the ethical investment industry, focusing on providing investment opportunities that exclude businesses involved in environmental harm and socially detrimental activities. The fund avoids direct investments in sectors such as coal and uranium mining, oil and gas, intensive animal farming, tobacco, alcohol, armaments, gambling, and logging.
Average Trading Volume: 37,623
Technical Sentiment Signal: Strong Buy
For a thorough assessment of MEC stock, go to TipRanks’ Stock Analysis page.