Business
This fund manager names 2 surging ASX shares to watch
There are some fund managers out there that have positive or bullish thoughts about some ASX shares.
Spheria Emerging Companies Ltd (ASX: SEC) is one of the listed funds on the ASX, it recently shared some thoughts about some of the positions in its portfolio.
Spheria’s portfolio has outperformed its benchmark by more than 10% over the last six months.
These are two of the ASX shares that it talked about:
Fletcher Building Limited (ASX: FBU)
Fletcher Building was the largest position in the Spheria portfolio at the end of November 2020. It made up 4.3% of the portfolio.
This company is a diversified construction business. It makes building products including insulation and cement. Fletcher Building also operates retail businesses…
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