3 reasons why tech is still in a secular uptrend

SINGAPORE (Apr 23): With FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks retreating from their 2018 highs and tech valuations settling, how should global investors react?

In JP Morgan Asset Management’s view, the recent jitters can be thought of simply as “growing pains” of a tech sector that it still sees as being in a secular uptrend.

For the time being though, the asset manager favours US and emerging market (EM) equities, which it believes provide a positive tilt to the technology sector given their solid earnings outlook and strong growth momentum.

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