2024-07-15 06:45:02 ET
Summary
- IGM has outperformed the market since October 2022, benefiting from strong earnings growth rates in the technology sector.
- The fund's valuation is very expensive, with subsectors like application software and interactive media & services having closer to fair valuations.
- Investors may want to consider other funds with higher exposure to less expensive subsectors within the technology space to mitigate downside risk.
Introduction
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IGM: Expensive Valuation, But Some Subsectors Are Still Inexpensive