Some mutual-fund managers will look back on 2020 as the worst of times. Others are having the time of their lives, posting year-to-date returns of 75% or more. The difference between the winners and the laggards is relatively straightforward: the extent to which portfolios were heavily weighted with stocks of companies that stand to benefit disproportionately from disruptive change. Some of these have become household names, like Zoom Video Communications Inc., whose visibility and share price have soared since the Covid-19...

Source: Wall Street Journal October 05, 2020 00:33 UTC