Thanks but no Faangs – the folly of investing in acronyms

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(FINANCIAL TIMES) – Given the battering markets have dealt so far this year to tech stocks, led by the Faangs, it is worth stepping back and recognising what is coming apart: the whole concept of acronym investing.

The unbundling of the Faangs is much like the fall of the big emerging markets, known as the Brics, a decade ago.