Concentrated exposure to high-growth opportunities

TD Global Entertainment & Communications manager looks for disruptive innovators and the infrastructure builders that enable them.

Diana Cawfield 1 November, 2018 | 5:00PM

As a high-conviction manager, Paul Greene focuses on finding the very best companies that can compound over a long period for his TD Global Entertainment & Communications mandate. Greene is a vice-president, analyst and the lead manager of the Morningstar five-star rated fund at T. Rowe Price Associates in Baltimore.

"We are more concentrated in our positions," says Greene. "I like to call them race horses, not because they're the fastest growing companies, but these are not your average horse, they're capable of winning multiple horse races over time." Approximately 60% of the fund's assets are among the top 10 investments.

According to Greene, when you find great companies and have insights, you can build big positions. "We don't have to trade unless there are fundamental changes," says Greene. "As a result, we have portfolio turnover that's 10% or lower."

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alphabet Inc A1,483.46 USD-2.21
Amazon.com Inc2,095.97 USD-2.65
American Tower Corp247.01 USD-0.21
Crown Castle International Corp168.06 USD0.64
Facebook Inc A210.18 USD-2.05
Netflix Inc380.07 USD-1.54

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.