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PLAT - Are Tech Stocks The New Utilities For Investors?
WisdomTree Modern Tech Platforms Fund
By Lei Qiu
Tech stocks weren't considered defensive investments in the past. But as the coronavirus crisis reinforces technology's fundamental role in our lives, investors can find sources of risk reduction and growth potential in companies that have become digital utilities enabling global networks.
Global technology stocks have enjoyed a solid run in a tough year. The MSCI World Technology Index advanced by 10.3% this year through June 5, while the MSCI All Country World Index fell by 3.9%. Skeptics might attribute the sector's performance mostly to giants like Facebook (FB) and Netflix (NFLX). However,