Some investors bet top growth stocks will thrive in US recession

The Star Business LogoThe Star Business1 mo ago

Some investors bet top growth stocks will thrive in US recession

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NEW YORK: Concerns about a possible U.S.recession are prompting some fund managers to rotate back into the big tech and growth winners of the last decade in the hope that they can better weather an economic storm.

"We think a better approach for global investors is to stay diversified and rely upon stock selection to extract value from markets," said Brian Jacobsen, senior investment strategist at Allspring Global Investments.

Higher yields dull the allure of companies in technology and other high-growth sectors, whose cash flows are often heavily weighted in the future and are diminished when discounted at higher rates.

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Author / Journalist: The Star Online

Category: Economy

Topics: Markets Equities Nasdaq Wall Street Valuations Recession /Business/Business News Dow Jones

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 13:14:00

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 726 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 24414

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About The Star Business

The Star Business Logo

Main Topics: Economy

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Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 12h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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