Many Wall Street careers have been built touting the exceptional capacity of Big Tech stocks, including Amazon.com and Alphabet, to outrun everything else in the market.
Yet a recent study from the Singapore Management University argues that the super power of the Faang cohort is exaggerated. The bulk of their gains since 2013 came thanks to a broader market appetite for large companies and those with strong earnings growth, according to associate professor of finance Roger K. Loh who studied how investment factors influence returns.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you