Tech stocks have been radically beaten-up in recent months as interest rates are hiked, but savvy investors are now starting to increase exposure to this currently out-of-favour sector, according to Nigel Green, chief executive and founder of deVere Group. The tech-heavy Nasdaq 100 futures rose ahead of the open on Monday, as major indexes snapped long weekly losing streaks on Friday. Green said: "The tech-heavy Nasdaq has shed almost 27% of its value so far in 2022. And earlier this month - as the U.S. Federal Reserve, the central bank of the world's largest economy, raised interest...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes