'Growth versus value' debate
How US market is overcoming obstacles
Offers access to three FAANGs
Tech giant hits new milestone
Increased revenues thanks to iPhone X
Concerns rally is overextended
We are cautiously optimistic about emerging market (EM) equities this year. Valuations are reasonable and risks look to be largely contained.
The UK TMT sector, and its remarkable bull run, has been a top performer for investors due in large part to the growth and dominance of mega-cap technology stocks.
The theme of disruption is one which excites considerable interest among investors, perhaps because many want to capitalise on 'the next big thing' and avoid disrupted companies and sectors.
Both in US & UK market
Structural shift in sector weightings
Despite remaining expensive