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Canada Life's CIO on why the Faangs could bite

Canada Life Investment's chief investment officer David Marchant  fears being bitten by the Faang (Facebook, Apple, Amazon, Netflix and Google) stocks. 

Although being underweight has been a relative drag on performance, he warns that there is 'a lot of hope' factored into their valuations.

Marchant also elaborates on his concerns about the unwinding of quantitative easing (QE) longer-term and why his fund is defensively positioned.

Marchant's Mixed Assets Conservative fund has risen 19.5% over the last three years to July, compared to the peers group average return of 12.4%. 

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