Facebook and some other US tech shares are good value but I wouldn’t buy Tesla, says Blue Whale manager
The high-flying Blue Whale Growth fund has reaped the rewards of the US stock market’s bounce back from the coronavirus crash – delivering a 34 per cent gain for investors over the past six months.
The global fund – run by Stephen Yiu and backed by Peter Hargreaves – is invested heavily in the US, which accounts for 72 per cent of its holdings and its top ten features a raft of technology-related companies, including Adobe, Facebook and Microsoft.
Considering the remarkable run that US shares and the tech sector have been since the coronavirus crash lows at the end of March, has the market become detached from reality – as some suggest – or have the world’s well-known digital names proved themselves far more resilient than people thought?
Stephen joins Simon Lambert on this episode of the Investing Show to share