Fund Manager Highlights Magnificent Seven Mid-Cap Tech Stocks Beyond Big Tech Giants
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The "Magnificent Seven" tech stocks have dominated markets, but investors may want to diversify into other quality tech names.
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Fund manager Josh West focuses on "wide-moat" mid-cap companies providing valuable tech-related information services.
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West highlighted 7 mid-cap stocks focused on services like analytics, research, data, ratings that have pricing power and growth potential.
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The companies generally have rising returns on invested capital and trade at premium valuations due to durable growth.
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West's fund has outperformed its benchmark over 1 and 5 year periods through a focus on steady, competitively-advantaged mid-cap companies.