With the giant US players looking fully valued and start-ups always fraught with risk, Darius McDermott suggests advisers point their clients eastwards for a better risk/reward balance within the technology sector
I am sure we all have a few clients who are unfailingly attracted to tech stocks, regardless of valuations, talk of bubbles and any number of cautionary tales of fortunes made then lost. The excitement of finding the next potential Amazon - whose shares have seen no less than 45,000% price growth since first listing in 1997 - sometimes seems to outweigh rational analysis. It is true the famed ‘FANGs' of Facebook, Amazon, Netflix and Google have made investors a lot of money over the past few years, but these days they are looking pretty expensive, along with much of the US stockmarket. T...
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