U.K. Fund Beating 99% of Peers Bets on Post-Covid-19 Disruptors
- Baillie Gifford’s Urquhart says virus has accelerated changes
- Adyen, Meituan Dianping, Peloton among the fund’s favorites
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A top-performing fund manager who bought Amazon.com Inc. and Alphabet Inc. more than a decade ago is betting on winners from the Covid-19, believing the pandemic will fundamentally change people’s lifestyles.
Mark Urquhart, who helps manage Baillie Gifford & Co.’s Long-Term Global Growth Equity Fund, says he’s picking up companies that may benefit from the growing trend of online and stay-at-home services, as the prolonged spread of the coronavirus will eventually alter consumer behavior.