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Have Technology Stocks Run Out of Steam?

Date
SATURDAY, 5 JUNE 2021
Title Have Technology Stocks Run Out of Steam?
Webinar Details Though technology shares have soared last year, but the performance has been underwhelming since February 2021.

A host of factors have been quoted for the underperformance – expensive valuation, potential of interest rate hike and regulatory concerns.

• Have technology shares run out of steam?
• How should investors position their portfolio?

Host Ng Shin Seong

Head, Investment Advisor
Standard Chartered Bank Malaysia

Speaker(s) Avinash Satwalekar

CEO (Malaysia)
Franklin Templeton Asset Management

Registration Link https://primetime.bluejeans.com/a2m/register/dsdsbaqr
Key Takeaways Investors are questioning whether the tech rally has run out of steam with interest rates potentially rising on the back of recent inflation expectation and the rotation into value stocks.

  

1. The earnings of technology companies continue to climb and as economy recovers particularly in the US. US Fixed investments in software, technological equipment and R&D have risen to more than 50% as a total of private fixed investment.

  

2. Technology sector is in a net cash position thus rising interest rates will have no effect on their balance sheet position. Federal Reserve officials have consistently communicated that recent inflation could be transitory and have set average inflation targeting and thus may let inflation exceed 2% for a considerable amount of time to make up for past low inflation.

  

3. Uneven recovery due to recurring pandemic outbreaks accelerate digital transformation with businesses and consumers adapting to new ways of consumption.

  

Principal Global Technology invests into both established leaders & emerging leaders in technology and benefits from unparalleled access to public, private and venture capital being based in the heart of Silicon Valley.
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Have Technology Stocks Run Out of Steam?

Though technology shares have soared last year, but the performance has been underwhelming since February 2021.