Rahul Narang likes to buy them up.
Owning those companies "keeps us in the game during those periods of sell-off," Narang told Business Insider in an interview last week.The Global Technology Growth fund ranked in the top 20 tech funds for its performance over the last five years, including through the coronavirus dip, according to Morningstar Direct. The fund has also won the Lipper award for its category for the last two years for having the best risk-adjusted returns over the last five years.
When the fund finds moat companies — or those with the potential to develop into them — it holds on to them, Narang said.The second big component of the fund's holdings are the value stocks. These are companies that for various reasons trade at low multiples of their earnings or sales.
And, he said, many investors didn't recognize that it was starting to capitalize on that moat to sell a raft of subscription-based services to those same customers to generate something the market highly values — recurring revenue.Narang and his team saw similar potential in the makers of computer memory, including Micron and Samsung. Those companies tend to trade at low multiples, in part because instead of offering consistent earnings growth, they go through boom-and-bust cycles.
Some of the themes he and his team are focused on are well-established ones, such as the growth of cloud computing, e-commerce, and mobile gaming. Others are emergent, such as artificial intelligence, robotics, autonomous vehicles, and 5G wireless networking.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 things in tech you need to know today - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tech Business is now a trend. Everyone is thinking about Tech product and services. Last 1 years I've signed to write 150+ tech product business plan.
Source: BusinessInsider - 🏆 729. / 51 Read more »
A Robert Half exec's 5 job-hunting tips in tech in the downturn - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Great advice from the ticket clippers
Source: BusinessInsider - 🏆 729. / 51 Read more »
Anthony Scaramucci's leaked memo to Merrill on downgraded SkyBridge fund - Business InsiderAnthony Scaramucci sent a 6-page memo to Andy Sieg after Merrill Lynch downgraded SkyBridge's flagship fund-of-funds — saying the $2.2 trillion wealth giant spent 3 months 'playing 'gotcha' in search of a lie' Looking for any graphic/branding identity designer? Contact me: ovebarua2gmail.com
Source: BusinessInsider - 🏆 729. / 51 Read more »
FCC tacks on another $198 million to Rural Health Care Program funding - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Palantir sells $500 million in stock ahead of possible IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: Jim Rogers warns of blow-up amid Fed 'madness' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It is very much on the cards. Jim has been calling for a crash for years Doom of the Week brought to you by Business Insider.
Source: BusinessInsider - 🏆 729. / 51 Read more »