Eagle Capital Growth Fund, Inc.
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Company profile

Eagle Capital Growth Fund, Inc.(the Fund) is a diversified closed-end investment company. The Fund's objective is long-term growth utilizing the concept of total return for selecting investments. The Fund’s investments consist of marketable securities, and primarily large capitalization companies. Sims Capital Management LLC is the Fund’s investment advisor.

Closing Price
$10.10
Day's Change
-0.2495 (-2.41%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.28
Day's Low
10.10
Volume
(Light)
Volume:
1,905

10-day average volume:
7,509
1,905

Here's why a star fund manager just sold his entire stake in Amazon.com

8:59 am ET January 13, 2022 (MarketWatch)
Print

By Steve Goldstein

This story has been updated to fix the spelling of the fund manager's name.

Amazon.com has been a holding for four years in the Blue Whale Growth fund, one of the highest-profile U.K. funds that invests in U.S. companies.

Not any longer. Fund manager Stephen Yiu told MarketWatch sister publication Financial News that rising inflation made him uncomfortable with owning Amazon (AMZN). "We've never liked the retail business, and now we like it even less because of the inflation narrative," he said.

Read the full FN.com story on the Blue Whale stake sale

The Labor Department on Wednesday reported that consumer prices shot up 7% in the 12 months ending December.

Yiu also said Walmart (WMT) and others have stepped up their e-commerce game due to COVID.

On Amazon's other key business, cloud provider AWS, Yiu said the growth potential of Microsoft (MSFT)and Alphabet (GOOGL) unit Google were higher. Both Amazon rivals are top ten holdings of the fund.

Amazon shares have climbed 6% over the last 52 weeks, underperforming the broader S&P 500 that has gained 24%.

-Steve Goldstein

	

(END) Dow Jones Newswires

January 13, 2022 08:59 ET (13:59 GMT)

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