Forget FANG - 'old tech' holds key to US returns

Strong fundamentals in Cisco and Microsoft

Forget FANG - 'old tech' holds key to US returns

Last year's volatile market ride trickled over to the beginning of this year as investors fretted over global growth (particularly China), divergence in monetary policies across regions, Brexit, the Fed rate and the continued slump in oil price, writes Fidelity's Angel Agudo.

Nevertheless, as investors continuously attempted to price the impact of all these issues on the real economy and on the future revenue streams of companies, broad based over- and under-reactions generated...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on US

US policy decisions could impact global markets

How US policy could impact global markets

Global economy likely to suffer growth slowdown as stimulus policy reversed

clock 29 November 2021 • 2 min read
It is almost a year since Joe Biden beat Donald Trump to become US president

Bidenomics: One year on from President Joe Biden's election

As US president Joe Biden reaches the end of his first year, Investment Week asks experts whether hopes have materialised, what the road ahead looks like and how US policy decisions could impact global markets.

Investment Week
clock 29 November 2021 • 1 min read
What do investors expect from the US economy and markets as we approach 2022?

Thanksgiving: Time to dig in or duck out of the US?

Investors face a great deal of uncertainty

Investment Week
clock 25 November 2021 • 1 min read