Head of multi-asset investments at Rathbone Investment Management David Coombs has warned on the "hype" around so-called FAANG stocks and said investors risk "spectacular" losses if they continue to value these companies in the same way.
Tech stocks Facebook, Apple, Amazon, Netflix and Alphabet's Google (FAANG) have exploded in value over recent years and now account for more than 10% of the S&P 500. Coombs' comments come after Apple...
Smashed initial target
Since November 2008
Share issue oversubscribed
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
Events, information and other services