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Posted by Nicholas Mersch on May 4th, 2022

Have the FAANGs Lost Their Teeth?

With Netflix plummeting and tech stocks struggling, many investors are wondering where FAANG stocks will go from here. To get some perspective on whether this is just a blip on the radar or the dawn of yet another “new normal,” we sat down with Nick Mersch, our resident tech expert and the portfolio manager of Purpose Global Innovators Fund.

  • 00:19 - 03:08: Nick gives a quick recap of tech market performance
  • 03:09 - 04:18: Nick talks Netflix, why the company is struggling, and what TikTok has to do with it
  • 04:19 - 05:06: Nick discusses competing streaming services and admits he got Crave for Game of Thrones
  • 05:07 - 06:40: Nick calls Facebook’s recent performance “a high jump over a low bar”
  • 06:41 - 09:39: Nick provides his tech outlook for 2022, and talks Purpose Global Innovators Fund

— Nick Mersch, CFA, Portfolio Manager at Purpose Investments

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The content of this video is for informational purposes only, and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this video is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

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Fund mentioned in this story

Nicholas Mersch, CFA

Nicholas Mersch has worked in the capital markets industry in several capacities over the past 10 years. Areas include private equity, infrastructure finance, venture capital and technology focused equity research. In his current capacity, he is an Associate Portfolio Manager at Purpose Investments focused on long/short equities.

Mr. Mersch graduated with a bachelors of management and organizational studies from Western University and is a CFA charterholder.