Three Global Funds Tackle Evolving Technology Stock Landscape
By Luke Richardson
Published June 20, 2025, 2:53 PM
Tech stocks shift as markets change. Three global funds now adjust their plans. A strong decade came with tech giants like Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla leading the way. In 2025, moves in these stocks make managers change their bets.
The Shift in Tech Stocks
Large-growth stocks grew strong for ten years. In 2025, many top names slow down. By mid-June, only Meta and Microsoft keep climbing, while Nvidia gains only a little. Tesla falls while others drop as well. Even with these moves, tech giants still drive many investment plans. Here we see the choices of three of Canada’s big global funds in tech.
AGF Global Select
Fund Size: C$6.1 billion
AGF Global Select faced tough times with its bets on Amazon and Alphabet. Its managers find new growth in other tech shares at home and abroad. Key drivers of return are Spotify, CrowdStrike, and Sea from Singapore.
As AI, IoT, and remote work spread, AGF sees more need for online protection. When cyber risks grow fast, managers point to CrowdStrike’s wide platform to meet new needs. The fund also puts money into robots. Smart machines with AI, automation, and sensors help manufacturing and healthcare. It holds Intuitive Surgical, a top firm in robot-assisted surgery that is set to win from this shift.
Capital Group Global Equity
Fund Size: C$13.7 billion
Capital Group Global Equity keeps a smaller share of the big seven stocks. It builds a mix that spreads risk. Over the past decade, the group chose more semiconductors. In 2023 and 2024, this area grew fast with high demand from AI parts.
The fund holds strong names like Taiwan Semiconductor Manufacturing and Broadcom. Even when Broadcom fell with worries on AI spending and U.S.-China trade talks, both stocks stayed key in the fund. Each manager backs these stocks for their solid roles in new trends.
Fidelity Global Innovators
Fund Size: C$16.8 billion
In uncertain markets, Fidelity Global Innovators uses a tech-based plan. Manager Mark Schmehl uses the Nasdaq composite as a simple guide. The fund puts over half its weight into tech, including many of the top seven.
When markets shifted, Schmehl raised support for safer names late in 2024. For the first quarter of 2025, he focused on stocks in Europe and China where prices seem fair. Even so, he keeps more U.S. stocks than a global index.
Schmehl now picks companies with less risk in AI growth. He points to Taiwan Semiconductor as a strong case. He sees the chip market moving from making parts for big data centers to crafting chips that work well with AI. This change may let fresh companies with smart ideas grow.
Conclusion
Tech stocks face ups and downs. AGF Global Select, Capital Group Global Equity, and Fidelity Global Innovators use different plans to meet change. They adjust ideas and spot new tech gains to handle a tough market while aiming for future wins. As these trends change, investors will watch these fund moves with care.
For more details and advice, investors can check extra views from Morningstar. They show ideas for handling shifts in the market.
