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Tech Shares Still Have Room to Run, $507 Billion Fund Says

  • Cheap borrowing costs, intangibles to drive sector: PGI’s Wang
  • Vaccine news has spurred a rotation out of stay-at-home bets
Market Reactions Following Thai Premier Yingluck's Ouster After Abuse of Power Ruling

Photographer: Dario Pignatelli/Bloomberg

Technology stocks can notch further gains even as investors move beyond pandemic trades, according to Principal Global Investors.

Cheap borrowing costs and the growing importance of intangible assets mean that some tech firms can surge even amid a market rotation toward value and cyclical names, said Alan Wang, a portfolio manager at the global equities arm. The past year is proving to be a lesson in valuing technology companies the right way, he said.