Waste Connections has the largest weight in the Wells Fargo Asset Management Discovery fund. The bet has paid off big for its investors.
. The consumer preference for younger consumers is to get their groceries delivered, have low prices and transparency. Kroger, to a certain extent has invested in stores and store distribution," he said. "In our view, those companies ... are on the wrong side of change.", an online retailer based in Argentina, and Black Knight, a company that builds software solutions for banks to better process mortgage originations and home equity lines.
"In emerging markets like that, consumers tend to skip a step and they may not even get a credit card or a bank account," he said. "They'll deal directly with the e-commerce provider, sort of like Alipay and WeBank in China. They'll skip the traditional businesses we're used to." shares are up about 41% this year. The stock was first added into the fund on Oct. 31, 2017. Since then, the stock is 40% higher.The fund's investment approach has returned more than 17% over the past three years, outperforming nearly 90% of its peers over that time.
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