MainStay Epoch Capital Growth Fund - Class A (MECDX)
MainStay Epoch Capital Growth Fund - Class A operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $17.09, down 0.06% on the session, giving a market capitalisation of $139.0M. Its beta of 0.93 implies it has historically moved less than the broad market.
The primary objective of this fund is to achieve substantial capital growth over an extended timeframe. It typically constructs a diverse collection of global stock holdings, encompassing U.S.-based firms. Key criteria for selecting these companies include a consistent track record of generating superior returns on their invested capital, compared to their funding costs, and a demonstrated increase in operating cash flow. A substantial portion, specifically at least 80% of its total assets (including any borrowed funds for investment), is committed to equities from companies spanning the entire spectrum of market capitalizations. Furthermore, the fund possesses the flexibility to allocate up to one-fifth of its net assets to securities issued by companies in developing economies, as decided by its Subadvisor.
MainStay Epoch Capital Growth Fund - Class A is most often compared with the following Financial Services names: