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Schroders eyes some embattled Faangs as tech names approach value stock territory

Tech stocks are among some of the worst performers so far this year, with the Nasdaq Composite index down around 24% since January

Netflix has posted a 68% fall in its share price since the start of 2022
Netflix has posted a 68% fall in its share price since the start of 2022 Photo: Jason Alden/Getty Images

The sell-off that has wiped more than $1tn from the market value of the world’s technology giants could see some entering value stock territory — posing an opportunity for fund managers.

“I would be astonished if at some point in the next five years we don't own one of the Faangs. At the moment, I don't think they are cheap enough,” said Simon Adler, a value fund manager at Schroders.

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