America's top stock-picker has raked in a 56% return over the last year — and Zoom was one of his biggest winners
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.2020's top stock picker as measured by performance has leaned on work-from-home stocks to drive the bulk of gains year-to-date.
Case in point, Morgan Stanley's Dennis Lynch, who is the head of the Counterpoint Global team and is a portfolio manager of the Morgan Stanley Institutional Discovery Portfolio. The fund placed No. 1 inThe growth-oriented fund posted a 12-month total return of 56.2%, and was up 59.3% for the first half of 2020, according to The Journal.
The Journal's list of winners for the quarterly contest was dominated by growth-oriented funds from Morgan Stanley and Zevenbergen Capital that had healthy allocation to technology stocks.'We may have a blow-up': Famed investor Jim Rogers explains how central bank 'madness' has the stock market hurtling towards another crash
The portfolio's stock picks were prescient. According to data from Morningstar, Lynch and his team added to Slack and Zoom during the second quarter of 2019, a full year before the coronavirus pandemic forced tens of millions of people to work from home and employ the technology offered by Slack and Zoom.
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