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Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) has issued an update.
Morphic Ethical Equities Fund Limited (MEC) reported a net return of 6.22% for May, outperforming the MSCI All Countries World Daily Total Return Net Index’s 5.14% return. The fund’s performance was bolstered by strong equity market returns driven by a de-escalation in the US-China trade war, robust corporate earnings, and positive AI expenditure outlooks from major tech firms. Key contributors to the fund’s success included Nebius Group, Aritzia, and Curtiss-Wright Corporation, with notable gains in AI infrastructure and retail sectors. The bullish sentiment in AI, particularly from Microsoft, and the growing power needs for AI-related data centers are expected to benefit companies like Nebius and Curtiss-Wright.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Limited (MEC) operates in the ethical investment industry, focusing on providing investors with opportunities to grow their wealth without contributing to environmental harm or societal issues. The fund excludes investments in sectors such as coal and uranium mining, oil and gas, intensive animal farming, tobacco, alcohol, armaments, gambling, and logging of rainforests and old growth forests.
Average Trading Volume: 41,007
Technical Sentiment Signal: Strong Buy
Find detailed analytics on MEC stock on TipRanks’ Stock Analysis page.