Édouard Carmignac and the team behind the group's €5bn Investissement fund have retained their strong conviction in 'FANG' stocks and raised the overall technology weighting within the portfolio over the past year, despite widespread valuation concerns about the sector.
Carmignac (pictured) has maintained large positions in Amazon (5.3%), Facebook (4.4%), and Alphabet/Google (4.4%) - three of the four so-called FANGs, alongside Netflix. Total TMT exposure in the global equity portfolio now stands at 26%, up from 17% one year ago and overweight the IA Global sector average of 16%, according to FE. Forget FANG - 'old tech' holds key to US returns With FANG share prices soaring over 70% last year, many investors have warned they are vulnerable to a potential de-rating or changes in market sentiment, and have cut exposure accordingly. However, Carm...
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