![Major growth in FAANG stocks ‘very improbable,’ Allianz executive says](https://i.comentr.com/ZQHDuSnNcj-nfo2SYxrbqNxDQcU_tam.jpg)
Major growth in FAANG stocks ‘very improbable,’ Allianz executive says
https://www.cnbc.com/2018/06/08/major-growth-in-faang-stocks-very-improbable-allianz-executive-says.html
Allianz Technology Trust (ATT) doesn't hold heavy positions in many FAANG stocks, senior portfolio manager Walter Price told CNBC on Friday, partly because he prefers opportunities elsewhere, but also because he doesn't see massive growth ahead.
FAANG refers to a basket of high-technology growth stocks — Facebook, Amazon, Apple, Netflix and Google — that have led the bull run of the last nine years. Those five stocks now represent 50 percent of the market cap of the Nasdaq 100 index.