Navigation Search

Select your location and role to view strategy and fund content

  • Global homepage
  • Australia
  • Belgique
  • Botswana
  • Denmark
  • Deutschland
  • España
  • Finland (Suomi)
  • France
  • Hong Kong (香港)
  • Ireland
  • Italia
  • Luxembourg
  • Namibia
  • Nederland
  • Norway
  • Österreich
  • Portugal
  • Singapore
  • South Africa
  • Sweden (Sverige)
  • Switzerland
  • United Kingdom
  • United States
  • International
Professional Investor
  • Professional Investor

Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future.

By entering you agree to our Terms & Conditions
Investment views

De-FANGED? What lies ahead for internet platforms

28 June 2019
Author: Anton du PlooyTechnology Analyst

After taking a disproportionate part in the post-crisis equity rally, the last 12 months have been highly volatile for FANG (Facebook, Amazon, Netflix and Google) stocks.

With investors now having to weigh the attractive growth potential offered by FANGs with the threat of greater regulatory oversight, we examine what could lie ahead for these firms by focusing on how greater scrutiny on privacy, content management and anti-trust issues may affect the industry.

Key takeaways:

  • Despite negative headlines, the sector-wide impact of personal data mis-use has been limited.
  • Platforms have begun to change their attitude towards content regulation in order to ward off potentially damaging legislation.
  • Anti-trust is the greatest potential tail-risk for the sector, however it would require a fundamental overhaul of the US’s anti-competition legislation.
  • Sentiment towards the sector has now shifted with investors no longer universally bullish, which we view as a positive environment for bottom-up stock pickers.

Read more

Investments involve risk; losses may be made.

Anton du Plooy
Anton du Plooy Technology Analyst

Important information

In the US, this communication should only be read by institutional investors, professional financial advisors and, at their exclusive discretion, their eligible clients. It must not be distributed to US Persons apart from the aforementioned recipients. In Australia, this document is provided for general information only to wholesale clients (as defined in the Corporations Act 2001). In Hong Kong, this document is intended solely for the use of the person to whom it has been delivered and is not to be reproduced or distributed to any other persons; this document shall be delivered to institutional and professional investors only. It is issued by Investec Asset Management Hong Kong Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong (SFC). The Company’s website has not been reviewed by the SFC and may contain information with respect to non-SFC authorised funds which are not available to the public of Hong Kong. In Singapore, this document is for professional investors, professional financial advisors and institutional investors only. In Indonesia, The Philippines, Brunei, and Vietnam this document is provided in a private and confidential manner to institutional investors only. In Thailand, the Prospectus has not been approved by the Securities and Exchange Commission which takes no responsibility for its contents. No offer to the public to purchase the Shares will be made in Thailand and this Prospectus is intended to be read by the addressee only and must not be passed to, issued to, or shown to the public generally. In Malaysia, as the recognition by the Malaysian Securities Commission pursuant to Section 212 of the Malaysian Capital Markets and Service Act 2207 has not been / will not be obtained nor will this document be lodged or registered with the Malaysian Securities Commission, the shares hereunder are not being and will not be deemed to be issued, made available, offered for subscription or purchase in Malaysia and neither the Prospectus of the Fund nor any document or other material in connection therewith should be distributed, caused to be distributed or circulated in Malaysia. Investec Asset Management Botswana, Unit 5, Plot 64511, Fairgrounds, Gaborone, Botswana, is regulated by the Non-Bank Financial Institutions Regulatory Authority. In Namibia, Investec Asset Management Namibia (Pty) Ltd is regulated by the Namibia Financial Institutions Supervisory Authority. In South Africa, Investec Asset Management is an authorised financial services provider. The sub-funds offered for public sale in South Africa are approved under the South African Collective Investment Schemes Control Act.

The content of this page is intended for investment professionals only and should not be relied upon by anyone else

Please confirm you fall under this category

By entering you agree to our Terms & Conditions

Some of the funds displayed on this page may not be registered in your region and will therefore not be available for sale . Please visit to check registration by country.