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Tech titans can help your portfolio ZOOM!

Tech titans can help your portfolio ZOOM! The stay-at-home stocks set to emerge even stronger from lockdown

By ANNE ASHWORTH FOR THE DAILY MAIL
PUBLISHED: 21:51, 15 May 2020 | UPDATED: 21:51, 15 May 2020

The close links with the US tech giants forged by so many of us in past weeks seem set to endure, and may be even strengthen, when our lives are less constrained.

As consumers during lockdown, we have become increasingly reliant on the communication, entertainment, shopping and payment services provided by Apple, Amazon, Google, Facebook, Microsoft, Netflix and PayPal.

More people are taking the relationship with these stay-at-home stocks to the next level by becoming investors. This is driving up their share prices and consolidating their dominance of the indices.

Apple, Google’s owner Alphabet, Amazon, Facebook and Microsoft account for one-fifth of the value of the S&P 500 index…

At their current prices however, the stay-at-home tech stocks are anything but a bargain buy.

If you would like to take a bet on the ability of the tech companies to deliver such innovation, but do not want to be exposed to an individual share, you could consider Polar Capital Global Technology.

James Carthew of Quoted Data, the analysis business, highlights the breadth of the research behind this investment trust’s stock-picking decisions.

Its holdings include almost every stay at home-tech-stock. Manchester & London, another investment trust, has also progressively moved into tech on the basis that the 21st century’s industrial revolution is happening in this sector.

Scottish Mortgage was the most popular lockdown investment trust pick thanks to stakes in Amazon and Netflix. Its largest holding Tesla, however, is quite the opposite to a stay-at-home stock.

Read more here

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