Still Room to Grow in Tech

TD Science and Tech’s Alan Tu thinks he can continue to generate double-digit returns.

Diana Cawfield 2 September, 2021 | 1:27AM
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Digital Innovation

The technology sector has been on a bit of a tear and valuation concerns are on the rise, but Alan Tu forecasts more robust growth for the TD Science and Technology fund that he leads. Tu, based in San Francisco, is vice-president and portfolio manager, Global Technology Equity Strategy, for T. Rowe Price Associates Inc., a subadvisor to TD Asset Management Inc.

“Because technology is gaining share in the economy,” says Tu, “and the value that’s being delivered by digitalization of everything is accelerated, we still think there’s a lot of growth ahead of us.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,561.57 USD0.00Rating
Roblox Corp Ordinary Shares - Class A129.36 USD0.00Rating
Shopify Inc A2,000.00 CAD0.00Rating
TD Science & Technology - F56.61 CAD1.49
Zoom Video Communications Inc218.98 USD0.00Rating

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

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