Time to consider tech stocks: Singh
Investors should consider dipping their toes back in the risky tech and emerging markets stocks, according to Fiducian Portfolio Services managing director Indy Singh.
Speaking at an investors' seminar in Perth today, Singh called the two high risk areas of emerging markets and quality tech stocks, which have lost up to 50 per cent of value, as the ones to watch.
"Our view is that those sectors are at, or approaching their low points. Markets appear to be close to stabilised and we see a bull run by stealth on its way in these areas," Singh says.
He says the bottoming out of the market with the Nasdaq's 45 per cent drop is fairly well known, but the decrease of emerging markets in Latin America, Eastern Europe and Asia is less documented.
"The emerging markets are likely to grow faster than the developed economies and are becoming increasingly better credit risks", Singh says.
He says some of the good tech companies including Microsoft, Oracle and Dell are all down by at least 50 per cent, and are looking good for longer-term growth prospects.
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