FAANGtastic Returns

FAANG-StocksThe high performing FAANG stocks – Facebook, Apple, Amazon, Netflix and Google – have led the market higher over the past 12 months. Their high valuations – Amazon is currently trading at a price-to-earnings ratio (PE) of 195 – and high-tech bent has resulted in inevitable comparisons with the Dotcom bubble at the turn of the century. We do not believe we are in for a repeat of this particular boom and bust cycle, and while we are cautious on the broader US market, we are happy for our managers to continue taking appropriate risks where they see opportunities.

Richard Stutley (CFA) of Momentum Global Investment Management, one of our UK regulated, discretionary fund managers shares their view. Click here to learn more.

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Tech Still all the Rage While Bears Prowl Emerging Markets: BAML Survey

imageGlobal investors remain overwhelmingly bullish on US and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch’s latest monthly institutional investor survey showed on Tuesday. Learn more

The Global Cycle Has Further To Run

News this past week:

Stock graph
• Oil prices rose 2% on the week with Brent at USD 53.9
• Gold rose 1.9 % to 1347, its third week of gains
• Risk appetite returns as treasuries retreat, stocks advance
• Apple set to launch the iPhone 8 and X models this week
• Hurricane Irma devastates the Caribbean and Florida

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