The Globe and Mail reports in its Saturday, Aug. 19, edition that Harbourfront Wealth Management manager Wes Ashton believes the tech sector is a good long-term play. The Globe's regular columnist Brenda Bouw writes that despite their rich valuations right now, Mr. Ashton continues to hold them in client portfolios. He says in a note: "We've been buying Fidelity Canadian Value Index ETF, which includes undervalued large-cap Canadian companies. We like this exchange traded fund (ETF) because it's not constrained by sector weights and rebalances every six months, which provides enough opportunity to allocate to undervalued companies without being overly active. It's currently overweight the energy and mining sectors, which we believe will continue to be the top-performing Canadian sectors over the next couple of years. We've also bought technology names, including individual stocks like Apple, Microsoft and Google parent Alphabet and two ETFs -- Invesco QQQ ETF and iShares NASDAQ 100 Index ETF (CAD-Hedged). The Canadian-hedged ETF is a way to reduce some of the attrition from the Canadian dollar strengthening against the U.S. We've been bullish on the tech sector this year after a terrible year in 2022."