“We’re definitely focused on longevity, you don’t want to create a fund around a fad that might only work for a short period of time,” she said. “Millennials are the most powerful consumer force today. We felt that their coming-of-age was creating disruption across industries.”
According to the fund’s March factsheet, some of its biggest holdings included Amazon.com Inc., the Chinese internet giant Tencent Holdings Ltd., NextEra Energy Inc., which provides sustainable energy generation, Illumina Inc., which makes DNA sequencing machines, and Taiwan Semiconductor Manufacturing Co., Apple’s partner for iPhone and iPad processors.
This article was provided by Bloomberg News.