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These Funds Beat The Marke tWithout Owning the FAAMGs

Barron's, 2020-08, Vol.100 (35), p.30-30

Copyright Dow Jones & Company Inc Aug 31, 2020 ;ISSN: 1077-8039 ;EISSN: 2769-9692

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  • Title:
    These Funds Beat The Marke tWithout Owning the FAAMGs
  • Author: Liu, Evie
  • Subjects: Stock exchanges
  • Is Part Of: Barron's, 2020-08, Vol.100 (35), p.30-30
  • Description: The five giants of the U.S. stock market- Facebook (ticker: FB), Apple (AAPL), Amazon.com (AMZN), Microsoft (MSFT), and Google's Alphabet (GOOG), the so-called FAAMGs-have gained an average of 83% in the past year, and now make up nearly a quarter of the S&P 500. At the end of June, the average allocation to FAAMGs among largecap mutual funds was five percentage points less than the group's share in the S&P 500, the biggest underweight in five years, according to a report from Goldman Sachs. The $3 billion Morgan Stanley Institutional International Opportunity fund (MIOIX) holds stocks from around the globe, including Chinese education-tech firm TAL Education (TAL), food-delivery company Meituan Dianping (3690.Hong Kong), and HDFC Bank (HDB) from India.
  • Publisher: New York, N.Y: Dow Jones & Company Inc
  • Language: English
  • Identifier: ISSN: 1077-8039
    EISSN: 2769-9692
  • Source: ProQuest Central

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