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UBS WM: For tech investors, valuations are less important than stock picking

For private clients in Asia who want exposure to the technology sector, identifying winners is more important than basing decisions on valuations, according to Sundeep Gantori, executive director and equity analyst at UBS Wealth Management’s Chief Investment Office. “In terms of PE ratios, globally, tech companies are trading at a 5% premium against the overall equity market, which is still…

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