Reported 4 days ago
Loomis Sayles' Q1 2025 letter notes Alphabet Inc. (GOOG) as a detractor in its Global Growth Fund due to its 3.82% value loss over the past year, despite a 3.50% one-month gain. While Alphabet leads in online search and advertising, the fund expresses a stronger conviction in AI stocks for potential returns. The company maintains a market value of $2.05 trillion with a diverse portfolio, though its lesser-performing segments generate minimal revenue.
Source: YAHOO