Business
Is Jumbo Interactive (ASX:JIN) a hidden COVID-19 winner?
Despite the turbulence of the share market in 2020, there are some shares and sectors that have enjoyed tailwinds — ecommerce in particular.
Oracle Investment Management portfolio manager Luke Winchester runs the fund’s emerging companies portfolio. In an interview with Stockhead, he commented that “the fund has been happy to side on the sidelines of the ecommerce theme.”
However, in the context of ecommerce, Winchester thinks there are still businesses who are benefitting from the pandemic, even if their share prices don’t reflect that. Jumbo Interactive Ltd (ASX: JIN) is one of the names his fund considers a hidden COVID-19 winner.
Winchester points to the fact the online lottery ticket reseller enjoyed a tailwind amid…
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