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Is this the end of the US tech stocks decade? PSG thinks so | Business

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If your offshore portfolio is invested in the MSCI World Index or heavily skewed towards the flavour-of-the-day US tech companies, PSG Asset Management says you should be worried. | News24_Business

If your offshore portfolio is invested in the MSCI World Index or heavily skewed towards the flavour-of-the-day US tech companies, PSG Asset Management says you should be worried.

The investment firm is forecasting the end of the runway for market darlings US tech stocks, a corner of the market that every fund manager wanted to own a piece of just two years ago. Of the top ten biggest world companies by market capitalisation in 2021 US tech stocks, such as Microsoft, Alphabet, Apple, Meta and Tesla, dominated. In 2010, that list was more diverse, featuring companies like Exxon, BHP Billiton, Nestle and PetroChina.

But in the late 2010s and even more so after 2020, when Covid-19 brought physical meetings, shopping and schooling to a halt, tech stocks became the companies to own, and it was considered a risk not to hold them, recalled PSG Asset Management's head of equities, Justin Floor.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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