Technology stocks posted strong gains in the third quarter of 2018. The Saratoga Technology & Communications Portfolio has posted strong returns during the current Technology bull market. The Portfolio benefited from Semiconductor companies rebounding in the quarter after suffering from trade related concerns earlier in the year. Software company holdings were also strong.
Many investors in the sector have been drawn to strong growth profiles in Tech and the sector’s healthy free cash flow generation. It should be noted that much of the sector’s cash flow has benefited from globalization of trade, and that President Trump’s tariff threats have introduced a significant risk to the status quo. The global supply chain is very important to many publicly traded Technology companies, and escalating trade tensions could be disruptive to business models. We continue our attempts to monitor this dynamic closely. _____________________________
Information contained herein was obtained from recognized statistical services and other sources believed to be reliable and we therefore cannot make any representation as to its completeness or accuracy. Any statements not of a factual nature constitute opinions which are subject to change without notice.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Saratoga Advantage Trust mutual funds. This and other important information about the Saratoga Advantage Trust's funds is contained in the prospectus, which can be obtained by clicking here, or by calling (800) 807-FUND, and which should be read carefully before investing. The Saratoga Advantage Trust's funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Saratoga Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 10/18 © Saratoga Capital Management, LLC; All Rights Reserved.