Pictet AM: “Tech Stock Valuations Still Offer Room to Invest”

Three thematic strategies

Date:

Pictet AM: “Tech Stock Valuations Still Offer Room to Invest”

Autor: Meritxell Sedo

Tech companies’ balance sheets are solid. Especially when comparing Amazon’s, Ebay’s and Priceline’s December 1999 ratios with those obtained in September of 2017

At the end of 1999, Amazon's Enterprise value-sales (EV/S) ratio was 9.8x times. While it is currently about 2.2x times

The team seeks that at least 20% of the sales of companies in which it invests a certain strategy, has its origin in the theme of the fund

Pictet manages between 40 and 70 stocks in its strategies, having the opportunity to diversify and arbitrate between those companies with the highest valuation and those that still maintain attractive levels of valuation