Allianz Technology Trust (ATT) doesn’t hold heavy positions in many FAANG stocks, senior portfolio manager Walter Price told CNBC on Friday, partly because he prefers opportunities elsewhere, but also because he doesn’t see massive growth ahead. FAANG refers to a basket of high-technology growth stocks — Facebook, Amazon, Apple, Netflix and Google — that have
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Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It
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Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, developing local
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As Robert Mueller looks ever more closely at President Donald Trump‘s foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump’s quest for real estate deals in former Soviet lands. Architect John Fotiadis designed some of Trump’s most ambitious luxury developments there. A master of glass-encased towers
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Don’t expect robo-advisors to fully replace their human counterparts anytime soon. Robo-advisors give retail investors access to automated investment strategies, creating portfolios and coming up with an asset allocation that’s based on client data points, including time horizon and risk tolerance. As convenient as it may be, this technology doesn’t make human financial advisors obsolete,
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When considering target-date funds, it’s important to be aware of the benefits and drawbacks — as well as whether you are the kind of person who should be investing in them. While some people love these so-called set-it-and-forget-it funds, others dislike them because of the completely hands-off approach to investing they offer. A variety of
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