European GRANOLAS Stocks Outpace Tech Giants

European companies dubbed GRANOLAS have kept pace with the highflying tech giants, according to Goldman Sachs.

The term refers to a group of companies including GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP, and Sanofi. This collection of stocks has proven to be a lower-risk investment, keeping up with the likes of Amazon, Apple, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla. Since January 2021, GRANOLAS has recorded a 63% return with half the volatility of these popular tech firms.