FundCalibre’s McDermott: Unmasking the opportunities and risks of the ‘Magnificent Seven’
Is the narrow performance of US tech giants desirable or sustainable?
Is the narrow performance of US tech giants desirable or sustainable?
Tech mega caps have had little success as they try to diversify forcing investors to look elsewhere
The over-valued tech stocks struggle to offer any benefits for investors less willing to pay their premium
Key events for UK wealth managers for the week starting 31 January
First time James Anderson and Tom Slater have sold retail platform purely for investment reasons
Martin Lewis recently won an out of court settlement against the tech giant
The surprising winners and losers of Morningstar’s ‘Sustainability Atlas’
Emerging market-focused funds have topped the tech sector since news of Facebook’s privacy blunder broke last month, according to FE Analytics.
Rathbones has removed its entire holding in Facebook from its Global Opportunities fund, with the fund manager saying the company has lost its consumer trust, but several investors continue to have large holdings in the stock.
Technology stocks have recently come under significant pressure, dragged down by the sharp fall in Faang stocks. But is the sector in a bubble that is about to burst or just going through a healthy correction?
Global equity funds with large allocations to tech could result in a “wider problem” if Monday’s sell off continues with many investors exposed to the sector even if they do not have direct holdings.
Earlier this week, the US Federal Trade Commission began investigating Facebook over privacy concerns around data used to influence the US election. Shares in the social media giant began to slide quickly after, but could this be a blow for all tech stocks?