Star fund managers are betting that companies in e-commerce and healthcare that thrived during the COVID-19 pandemic remain solid long term bets as the virus permanently alters consumers behaviours and values.

At the Sohn Hearts & Minds charity conference, held virtually for the first time, fund managers tipped Australian online retailer Temple & Webster, German-listed grocer Hello Fresh, New Zealand-listed healthcare company Fisher & Paykel and telemedicine plays Ping Ang Health online and Teledoc to post further gains into 2021.

That is even as news of a vaccine triggered a rotation out of stay-at-home tech stocks and into beaten-up sectors.

Todd Guyot, of one of Australia's top hedge funds, Regal Funds Management, said ASX-listed online retailer Temple & Webster had further to run after gaining 284 per cent this year.

The company is still growing even the economy reopened in July and August.

That, he says “demonstrates the impact of repeat customers, which is a direct correlation with the customer experience."

"If customers get what they want correctly and in a timely manner, they will more than likely come back,” he said.

The obvious question, he says, is what will happen when COVID-19 "ceases to be a major issue."

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