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Schroders eyes some embattled Faangs as tech names become value stocks
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The sell-off that has wiped more than $1tn from the market value of the world's technology giants could see some entering value stock territory — posing an opportunity for fund managers.
“I would be astonished if at some point in the next five years that we don't own one of the Faangs. At the moment, I don't think they are cheap enough,” said Simon Adler, a value fund manager at Schroders.
“Some...
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