>> If your mutual funds are riding high right now, they most likely have some Amazon. Shares of the company are up more than 45% in 2018, and accounts for nearly 40% of the SMP's gain this year, leaving some investors like Warren Buffett kicking themselves for missing out. And for those fund managers not in on it, to look for other ways to cash in on the e-commerce boom.
Reuters' David Randall is on the story.>> Some of them are going into something like Alibaba, which is essentially the same company as an e-commerce company, just in Asia. It has the same kind of growth profile, but its valuation is about a fifth of Amazon's. So you're still gonna get the same gain.
You're still gonna play the same theme, but you're just gonna do it at a much cheaper way. As more people go buy things online, they're using their MasterCards more. They're not using cash. That's gonna benefit MasterCard and it's cheap. So it's the same kind of idea, it's that I still want growth, I just want to pay a cheaper price for that growth.
>> Amazon shares have rallied along the past several weeks, with the stock briefly breaking 1700.