U.S. tech regulations? Who wins?
A small number of U.S. tech companies now make up 15 per cent of the S&P500 and 50 per cent of the NASDAQ-100, and are thus heavily influencing the direction of a myriad of Exchange Traded Funds that follow these indices.
But many of those same tech companies have recently shot themselves in the foot and raised the ire of regulators globally. So we ask, could a regulatory response following the U.S. Senate hearings crimp earnings – and hit the returns of investors?
The Montgomery Global Funds own shares in Facebook, Google and Microsoft. This article was prepared 14 May 2018 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Facebook, Google or Microsoft you should seek financial advice.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
