The global lockdown has decimated some businesses with those in leisure, travel or retail seeing revenues collapse to zero.
Against this backdrop technology companies have been the winners, gaining online sales at the expense of the high street and connecting people in isolation through their software. Many of the trends towards remote working, streaming and digitalisation of recent years have accelerated through the lockdown, driving sales upwards for technology companies. Managers dismiss sell-side concerns as US equities near tech bubble highs The biggest tech names have colloquially been known as FANG (Facebook, Amazon, Netflix and Google), but we probably should add into the mix Apple and the ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes