Every long-term investor should own Amazon shares, according to David Eiswert, portfolio manager of the $950 million T. Rowe Price Global Stock Fund.
“A lot of the things that we bet on Amazon five or ten years ago are more apparent to everyone today,” he told Business Insider in an interview.
One avenue to Amazon’s profitability that’s been overlooked is advertising, he said.
Every long-term investor should own some Amazon shares, according to T. Rowe Price’s David Eiswert.
Eiswert manages the firm’s $950 million Global Stock Fund.
Amazon’s stock, and others picked by his team, has helped Eiswert’s fund outperform its MSCI benchmark over the last one, three, and five years, In 2017, it returned 33%, while the S&P 500 gained 19%.
“A lot of the things that we bet on Amazon five or ten years ago are more apparent to everyone today,” including the growth of its web-services unit, Eiswert told Business Insider on Friday.
This interview was edited for length and clarity.
Akin Oyedele: Amazon is one of the biggest weights in your fund. So, a two part question: what do you find most interesting about the company, and are you concerned about all the regulatory …read more
Source:: Businessinsider – Technology
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