American Century recently released its Q1 2020 Investor Letter, a copy of which you can download below. American Century Focused Global Growth Fund posted a return of -16.95% for the quarter, outperforming its benchmark, the MSCI ACWI Index which returned -21.37% in the same quarter. You should check out American Century’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds of returns without shorting the market or using aggressive put options.
In the said letter, American Century highlighted a few stocks and Msci Inc. (NYSE:MSCI) is one of them. MSCI is a finance company based in New York. Year-to-date, Msci Inc. (NYSE:MSCI) stock gained 32.1% and on May 20th it had a closing price of $341.51. Here is what American Century said:
“MSCI. Increased trading volumes amid a volatile market benefited the stock of MSCI. The company operates equity, fixed-income and hedge fund stock market indices and provides multiasset portfolio analysis tools.
MSCI. This manager of equity, fixed-income and hedge fund indices benefited from increased trading volumes and market fluctuation. Analysts have grown more optimistic about the stock’s short- and long-term prospects, especially in the current volatile environment.”
In Q3 2019, the number of bullish hedge fund positions on Msci Inc. (NYSE:MSCI) stock increased by about 3% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with MSCI’s growth potential. Our calculations showed that MSCI isn’t among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, we believe electric vehicles and energy storage are set to become giant markets, and we want to take advantage of the declining lithium prices amid the COVID-19 pandemic. So we asked astrophysicist Neil deGrasse Tyson about Tesla, Elon Musk, and his top stock picks. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Disclosure: None. This article is originally published at Insider Monkey.
