In turbulent times, resources rise up

Big tech has ruled the roost for nearly two decades. FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks have dominated investors’ attention and have delivered remarkable returns. But they are now facing challenges due to rising inflation and interest rates, leading to compressed profit margins. In an ever-changing and uncertain world, resource security has now grown in importance. Bloomberg’s FAANG 2.0 Select Index (Fuel, Aerospace and Defence, Agriculture, Nuclear, Gold and other precious metals) encapsulates sectors that have benefitted from increased global demand and geopolitical...