The Magnificent 7, consisting of Microsoft, Apple, Amazon, Nvidia, Google, Meta and Tesla stocks, make up about 30 per cent of the S&P 500 index
stocks) make up about 30 per cent of the S&P 500 index according to Morningstar ’s data. At this point, passive investors are likely still rejoicing given their stellar performance driving up returns of market cap weighted indices, despite the recent troubling news surroundingmight further bolster revenue lines for these companies. All this said, several active fund managers seem to have conviction in the Mag 7. Today we shine a light on these products that are available for sale in Canada.
The analysis looked only to the oldest share class of each fund and excluded share classes that are sold exclusively to institutional investors.The funds that qualified in the screen are listed in the table accompanying this article alongside their categories, MERs, trailing performance, inception dates, and ratings. Also listed on the table is the average and longest manager tenures on the fund. Recall that the Morningstar rating for funds (a.k.a.
Noapplenews Fund List Exposure Funds Article Morningstar Table Assessment Morningstar Tesla Microsoft
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