Rathbones' Coombs: FAANG hype 'feels like dotcom mania'
Investors should not lump them together
Head of multi-asset investments at Rathbones 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...
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