Extracting US alpha outside the FAANG phenomenon

clock • 4 min read

The much-publicised FAANG stocks – Facebook, Amazon, Apple, Netflix and Google/Alphabet – have been the driving force behind the striking rebound for the US stock market since the depths of the coronavirus panic in March.

Apple has led the way, with its share price climbing 139% since the depths of March, making it the first company to have its market capitalisation reach USD$2trn. Facebook and Amazon have more than doubled over this period also, rising 108% and 111%, respectively. Meanwhile, Netflix and Google-parent Alphabet have also ridden the recent tech wave, with share price increases of 86% and 63%, respectively.[1] But the FAANG phenomenon is not just a 2020 story. In our view, the sizeable performance of these index heavyweights has helped propel the US stock market to gains far in excess of eve...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on US

'Trade risks remain' after Canada scraps digital services tax on US companies
US

'Trade risks remain' after Canada scraps digital services tax on US companies

Tariff talks likely to be extended

Sorin Dojan
clock 30 June 2025 • 4 min read
Trump says US and China sign trade deal in potential tension cooldown
US

Trump says US and China sign trade deal in potential tension cooldown

'Everybody wants to make a deal'

Sorin Dojan
clock 27 June 2025 • 1 min read
US intervention in Iran-Israel conflict will likely leave nations without a trade deal
US

US intervention in Iran-Israel conflict will likely leave nations without a trade deal

Tariff pause nears end

Eve Maddock-Jones
clock 25 June 2025 • 4 min read
Trustpilot