Q: I have held this fund for several years and it is now back to its purchase price. Not sure if I should sell or hold on for better times. Any comments above why it isn’t doing better?
Thanks.
Thanks.
5i Research Answer:
CYBR is up 17% this year. Certainly recently performance would have been impacted by CRWD, its largest single position. CRWD caused a global outage in August, and got sued by clients. The stock fell 40% quickly. But, it has very quickly recovered nearly all its losses. ZS, another large holding, has struggled a bit, down 5% YTD. We think the prospects for the sector are solid, and we would be comfortable holding.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CRWD.