Miton's Grieves: Are we approaching peak FAANG?

Although many of the funds in the North America sector have done well over the past couple of year because of their FAANG holdings, which have been the main drivers of performance for US markets, Grieves said the fund has shown it can perform well without being driven by the FAANG stocks. The £570m fund, which recently won in the North American category at the Investment Week Fund Manager of the Year awards, has returned 77% over the three years to 31 August, according to FE, versus returns of 70% by the IA North America sector and 74% by the S&P 500 (in sterling terms).  Apple become...