Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
What are your thoughts on buying the ASX listed FANG ETF at the moment? It has had a strong YTD performance, but still down 25% on a one year basis. I thought with inflation and interest rates close to peaking, this could be positive for this group. Thanks
Hi Libby,
MM has been bullish and overweight tech stocks for the last 3-4 months but from a risk/reward perspective we believe the horse has bolted, at least for now, after the FANG ETF’s +28% recovery.
Fundamentally the picture has improved but we believe this is already largely reflected by the sector, hence at this stage of the cycle we would like to see how the markets react to the current US earnings season before considering buying.
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