The mega-cap FAANG (Facebook, Apple, Amazon, Netflix and Google/Alphabet) stocks seem to be gathering strength and competitive dominance as they grow in size.
As a result, the current run in tech stocks is very different to the 2000 tech bubble, as the stocks in the current cycle are supported by growing cashflows and very high, but not yet bubble-like, valuations. ...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum