View Full Version : Tech investors must navigate tricky political headwinds

06-08-2019, 03:56 AM
Tech investors must navigate tricky political headwinds

For all the current and understandable focus about the money pouring into government bonds, the core holding for equity investors, and one that has knocked the performance lights out over the past decade, is US technology. The most recent US quarterly filings show tech tops the list of holdings among mutual funds and other investors, while monthly surveys of portfolio managers have long shown tech ranking among the largest or most crowded holding within equities. The dominance of tech in the S&P 500 explains why the US benchmark has soundly eclipsed global equities in recent years and has undercut the argument of many investors that a rotation away from Wall Street and towards cheaper markets elsewhere beckons at some point.