It wasn’t that long ago that FAANG stocks were leading the market forward, and then pulling it right back into reverse. Investors worried that their performance was distorting expectations for typical S&P 500 companies.
Noticing a larger theme within hedge fund investment, Jon Caplis sat down with MarketWatch to discuss the shift away from FAANG companies and toward “software as a service” (SaaS) businesses instead. Simply put, the performance has been outstanding. What are the key factors driving this shift?