This story has been updated to correct the spelling of the fund manager’s name.

For the past four years, has held a stake in the Blue Whale Growth Fund, one of the UK’s most prestigious funds investing in US companies.

No longer. Fund manager Stephen Yiu told MarketWatch sister publication Financial News that owning Amazon AMZN made him uncomfortable with rising inflation.
“We’ve never liked the retail business, and now we like it even less because of the inflation narrative,” he said.

Read the full story on Blue Whale’s stake sale.

The Labor Department reported Wednesday that consumer prices rose 7% in the 12 months to December.

Yiu also said Walmart WMT,
and others have stepped up their e-commerce game due to COVID.

On Amazon’s other key business, cloud provider AWS, Yiu said the growth potential of Microsoft MSFT,


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