Faangs are still tops, but tech stocks don’t stop there
It is important to retain a material holding in more defensive areas of the market as supersized tech firms face a difficult regulatory environment
22 November 2020 - 17:52
Technology shares in China and the US have delivered spectacular returns in 2020. Apple, which has a market capitalisation of more than $2-trillion, is up about 60% since the beginning of the year, while Amazon, with a market capitalisation of almost $1.6-trillion, has seen its share price surge almost 70%.
In this environment there is a huge requirement for top-line growth, and analogies have been drawn to the year 2000 when technology outperformance over wider indices was last so stark...
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