As FAANG stocks falter, fund managers make bets on survivors
Updated : December 24, 2018 06:21 AM IST
Shares of Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc, and Google-parent Alphabet Inc reached record highs in July.
With shares of the FAANGs down by an average of 25.6 percent since the start of the quarter, fund managers and analysts are starting to reconsider their approach to growth, treating the FAANG stocks less like a single bloc and more on their individual merits.
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