Consumption disruption in 2019?
The U.S. consumer has been a significant contributor to domestic economic growth in 2018. Will consumer consumption be hit by inflation in 2019?
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Top 10 equity holdings as a percent of net assets as of 09/30/2018: Microsoft Corp. 9.1%, Euronet Worldwide, Inc. 5.6%, Vertex Pharmaceuticals, Inc. 5.2%, Aspen Technology, Inc. 5.0%, Apple, Inc. 4.9%, ACI Worldwide, Inc. 4.6%, WNS (Holdings) Ltd. ADR 4.5%, Micron Technology, Inc. 3.9%, Alibaba Group Holding Ltd. ADR 3.7%, Cypress Semiconductor Corp. 3.7%.
The S&P North American Technology Sector Index is a modified-capitalization weighted index representing U.S. securities classified under the GICS® technology sector and internet retail sub-industry. It is not possible to invest directly in an index.
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