forbes said that Our theme of Value Tech Stocks has underperformed the market in recent years, rising by just about 29% since the end of 2017, compared to the S&P 500 which is up by about 46% over the same period. The theme includes tech companies that offer essential technology products and services, have a market capitalization of over $10 billion, and trade at a trailing price to earnings multiple of under 20x. In comparison, the broader NASDAQ index trades at a much higher 40x trailing P/E. However, we believe that the stocks in our theme have lower price risk in the current market environment,
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