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Our theme of Value Tech Stocks – which is comprised of technology stocks with a market cap of over $5 billion and a price-to-earnings multiple of under 20x
So what’s the outlook like for the theme? While the near-term outlook remains uncertain, given the tighter monetary environment and concerns about a recession in the U.S., we still think that the theme remains a good play on secular trends such as increasing digitization of the economy following Covid-19, and higher corporate IT spending. Moreover, many of the names in the theme are profitable, mature tech companies that are incumbents in their respective segments and this could provide some safety in the current environment. Facebook parent company Meta is the most valuable company in our theme, with a market cap of about $440 billion. However, the stock has declined by around 53% year-to-date. Skyworks Solutions
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
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