TOKYO -- A new trend is emerging in global stock markets as investors began to shift focus from globalization to a "divided world" after the Russian invasion of Ukraine. Shares of once-highflying tech giants have slumped, while those in more mundane sectors like energy and agriculture are performing well.
Major exchange-traded funds in the five sectors covered by FAANG 2.0 have outperformed the market by 17 percentage points since the Russian invasion of Ukraine in late February.
Datawatch
Global money ditches Big Tech for a new group of stocks
Fuel, aerospace, agriculture, nuclear and gold make up FAANG 2.0
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