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TRUST IN TECH

While others are raising queries over the true value of some of the world’s biggest technology companies, Pieter Schop of NN Investment Partners has never been more confident in the sector

Technology shares worldwide had a roaring first half of 2017, but questions are now being asked about the outlook as concerns grow over the prospects for some of the sector’s biggest names.

Pieter Schop, senior portfolio manager of the Information Technology fund at Dutchbased NN Investment Partners (NNIP), believes valuations remain attractive. He runs a fund dominated by US tech giants such as Apple, Microsoft, Google’s Alphabet and Germany’s SAP.

“We think valuations are aligned with growth prospects,” says Schop. “And we see the recent correction as nothing more than profit taking and not driven by fundamentals. Technology shares trade only at a slight premium to the market and at nothing like the levels we have seen in the late ’90s.”

Roaring performance

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