众多成长股中，如何挑选业绩能翻倍的那只？

金融界07-27

一些成长股，如大科技公司，自2023年初以来表现大多不错，但表现不一。大多是“科技七巨头”推动了标普500指数的上涨。Munro Partners的首席投资官兼创始合伙人Nick Griffin表示，实际上，成长股整体在2022年经历了“非常艰难的时期”，一些基金尚未完全收复失地。“我们经历了自互联网泡沫破灭以来最严重的一次成长股崩盘，许多成长型管理者……尚未回到到之前的高点，”他在接受CNBC ...

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href=https://usstock.jrj.com.cn/2024/07/27082941854436.shtml><strong>金融界</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>一些成长股，如大科技公司，自2023年初以来表现大多不错，但表现不一。大多是“科技七巨头”推动了标普500指数的上涨。Munro Partners的首席投资官兼创始合伙人Nick Griffin表示，实际上，成长股整体在2022年经历了“非常艰难的时期”，一些基金尚未完全收复失地。“我们经历了自互联网泡沫破灭以来最严重的一次成长股崩盘，许多成长型管理者……尚未回到到之前的高点，”他在接受CNBC ...</p>\n\n<a href=\"https://usstock.jrj.com.cn/2024/07/27082941854436.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1551013425.SGD","symbol_name":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","start_time":0,"source_url":"https://usstock.jrj.com.cn/2024/07/27082941854436.shtml","article_id":"2454458831","we_media_id":null,"thumbnails":["http://imgcloud.jrjimg.cn/2024/07/weixin/one_20240727082922069.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454458831","pubTimestamp":1722040143,"sourceInfo":{"source_id":"jinrongjie_highlight","name":"金融界"},"weMediaInfo":null,"summary":"一些成长股，如大科技公司，自2023年初以来表现大多不错，但表现不一。他如何在众多成长股中找出赢家？也就是说，无论经济状况如何，能够增加收益的公司。根据Griffin和Moore的说法，具备六个品质的公司是“优秀”的成长型公司，可以使收益翻倍。“我们的投资流程针对那些能够在五年内使收益翻倍的股票，这意味着它们的收益每年至少应增长约15%，”Griffin补充道。选股目前，Griffin最关注的是高性能计算领域。","collect":0,"end_time":0,"defaultTopTitle":"jrj.com.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","WPLCF":"WISE PLC","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) 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Pro采访时说道。“这在一定程度上净化了整个系统。那么为什么会发生崩溃？因为利率从0快速升至5%，资产被迅速重新估值。许多规模较小的竞争对手完全失去了获取资金的渠道，”Griffin补充道。他如何在众多成长股中找出赢家？管理Munro Concentrated Global Growth Fund和Munro Global Growth Small and Mid Cap Fund的Griffin表示，他专注于结构性收益增长。也就是说，无论经济状况如何，能够增加收益的公司。他表示：“因为这比试图预测经济走向更有机会赚钱，而预测经济走向很困难。所以只需专注于那些在经济周期中可以独立增长的公司，我们将它们组织到这些感兴趣的领域或主题中。”Munro的投资组合经理Kieran Moore补充道，一些公司仅因宏观经济因素如国内生产总值（GDP）改善或贸易条件变化而增长，但“自身并没有真正的优势”。根据Griffin和Moore的说法，具备六个品质的公司是“优秀”的成长型公司，可以使收益翻倍。-这些公司应该在增长，收入至少是当前GDP的两倍。-公司需要能够利用这种增长。这意味着他们应该拥有一定程度的定价权或竞争优势，其收益或息税折旧摊销前利润（EBITDA）实际上增长速度比收入快。-这种增长应该在“很长一段时间”内是可持续的，这取决于总潜在市场规模，以及运营收入或盈利能力随时间的波动性等属性。-根据Munro内部的ESG评分过程，拥有良好的ESG评分。-管理团队应与股东“高度一致”。-这些公司应该拥有“出色的客户感知”其产品的能力——通过Google趋势和评论等数据证明。“所以我们希望看到我们公司的收益在五年内有翻倍的潜力，”Moore说道。“我们的投资流程针对那些能够在五年内使收益翻倍的股票，这意味着它们的收益每年至少应增长约15%，”Griffin补充道。选股目前，Griffin最关注的是高性能计算领域。“长期以来，我们认为那些帮助计算机运行得更快的公司将会获胜。因为快速计算机是所有人类创新的关键，”他说。他在基金中提到了一些顺应这一趋势的股票：英伟达Nvidia（NVDA）、ServiceNow（NOW）、TSMC（TSM）和Wise（WPLCF）。这些是Munro Global Growth基金的前十大仓位。尽管大盘股占其投资的大部分，Griffin也喜欢一些“不贵”的小盘股，包括Pinterest（PINS）和GoDaddy（GDDY），他认为它们也有可能成为人工智能的受益者。\n\n\r\n            责任编辑：安东","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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