Google's Alphabet remains inexpensive despite its share price almost doubling over the past five years, with the tech giant standing out among FAANG peers in terms of profitability and research and development (R&D) spending, according to global equities portfolio manager and head of research at Troy Asset Management Gabrielle Boyle.
The senior fund manager for the Trojan Global Equity strategy, with its only other FAANG holding being Facebook, said Alphabet has the potential to maintain double-digit annual growth as it begins to monetise its vast tech empire. Since Alphabet's 2004 listing, its shares are up nearly 2,000% and are currently valued at £1,117.37 each, as at 8 July. The tech giant currently represents 5.7% of the highly concentrated fund, which has roughly 52% of its assets within its top ten holdings, according to FE. Reversal of fortunes for Chelverton and Troy in Sanlam list Boyle said the ...
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