Tech’s ESG AIM
In a year characterised by the health and economic fallout inflicted by the Covid-19 pandemic, the tech sector has been one of the few growth areas and many of AIM's technology stars have proved as resilient as their larger US peers. We assess here how well some of them perform under the sustainability spotlight.
The FAAMG (not FAANG!) behemoths of Facebook, Apple, Amazon, Microsoft and Alphabet (Google), several of much are constituents of our Ultimate Stocks portfolio, have recorded stellar sales and helped prop up the S&P 500 Index, which is trading higher than in pre-Covid times. So powerful and concentrated have those five stocks become that they now account for about a fifth of the Index’s market cap, making them hugely popular, if sometimes controversial, choices in investors’ portfolios. The AIM Index is much more evenly distributed with the pure tech sector, with reference to the software and computer services designation, accounting for about 12%…