Asset Management

‘We are clearly seeing a correction and tech bubble will burst’, warns top fund manager

A trader on the floor of the New York Stock Exchange (NYSE) in New York City.
A trader on the floor of the New York Stock Exchange (NYSE) in New York City. Photo: Johannes Eisele/Getty Images

What does last week’s stock market seesaw mean? A correction is here and the “tech bubble” will burst, according to top investor Rob Arnott who is known as the “godfather of smart-beta” investing.

“We are clearly seeing a correction, Arnott said last week, pointing to the FANG+ stocks [Facebook, Amazon, Netflix, Google parent Alphabet and Microsoft among others] taking a beating recently.

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