Talking TACTICS on the US

Leading US smaller companies

Investing in the US this year, according to the headlines, has been all about the FANGs.

However, if you really want to generate alpha you should sink your teeth into TACTICS. If we mention North American equities, most people think they are overvalued. At over 25x P/E, that is largely correct - rarely does a week goes by without another record high being reached.  When will the FANGS finally draw blood? In an industry addicted to its acronyms, the FANGs have captured the imagination: Facebook, Amazon, Netflix and Google are all sold as the future with cloud computing, artificial intelligence and big data capturing investors' imaginations. But not all US companies a...