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Innovation has long supported tech companies' performance. This year is no exception, we believe. Yet, meaningful shifts in technology are creating uneven benefits (and drawbacks) within the sector and beyond. As a result, we advocate a selective approach to tech investing, especially after the recent rally.
Chart of the week Key measures of tech sector vs. global stocks, 2014-2019
Past performance is not a reliable indicator of current or future results. It is not possible to invest directly in an index. Sources: BlackRock Investment Institute, with data from Thomson Reuters, IBES, and Bloomberg, March 2019.