7IM Short Thoughts: Don't get bitten by acronym investing
There are many acronyms used in Finance, and over the last few years, the most familiar one has probably been FAANG – Facebook, Amazon, Apple, Netflix and Google. On the face of it, a strong set of stocks.
However, when we look at the performance of some of these FAANGs over the last year or two, it doesn’t necessarily correlate with great investment returns.
So, Ben Kumar, Senior Investment Strategist, looks at why acronyms shouldn’t be the basis of an investment strategy.