Saturday, August 25, 2018

Reinventing the pension fund

The digital threat FAANG may pose to the BBC is simply an opportunity for the BBC Pension fund. The stockmarket's acronym for the five most popular tech stocks, Facebook, Apple, Amazon, Netflix and Alphabet's Google all still feature in the top 20 of the BBC fund's £16bn investments.

Amazon is top, on £48m; the Alphabet shareholding is second, at £43m. Facebook is in 5th place, at £34.7m, Apple is 12th at £24.1m, with Netflix at 14th position, £22.6m.  Other technology holdings in the top twenty include Tesla, Microsoft, Alibaba, the Chinese e-commerce monster; TenCent, China's all-in-one-answer to FAANG; Baidu, again Chinese, not far behind TenCent; Nvidia, the US graphics processing specialist; Kering, the French luxury goods group; and biotechers Illumina. And a little light oil and petrol with BP.

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