Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ) has provided an announcement.
The Morphic Ethical Equities Fund reported a decline of 5.51% in March, underperforming the MSCI All Countries World Daily Total Return Net Index. The market faced challenges due to US tariffs, inflation, and government spending cuts, potentially leading to a recession. Despite these challenges, the fund’s portfolio remains diversified and includes investments in gold equities and defensive businesses. The fund’s top contributors were Greatland Gold, GFL Environmental, and Resona Holdings, while Core Scientific, Nebius Group, and Aritzia detracted from performance.
More about Morphic Ethical Equities Fund Ltd.
Morphic Ethical Equities Fund Limited (MEC) operates within the ethical investment industry, focusing on providing investors with opportunities to grow their wealth without supporting businesses that harm the environment, people, and society. The fund specifically excludes investments in sectors such as coal and uranium mining, oil and gas, intensive animal farming and aquaculture, tobacco and alcohol, armaments, gambling, and rainforest and old growth logging.
YTD Price Performance: -4.41%
Average Trading Volume: 38,486
Technical Sentiment Signal: Buy
See more data about MEC stock on TipRanks’ Stock Analysis page.