There are many different types of technology funds. This fund is one of the oldest in the market and has delivered strong performance for investors. They can see the structural shift towards digital natives. These are the Millennials and Gen Z who have grown up with technology. This is the generation who are used to smart phones and businesses like Uber, Netflix and Spotify, who really could not have existed without smart phones.
What we are seeing is better, cheaper and faster products. We don’t buy newspapers we consume news online. We don’t go to shops we go to Amazon. Transportation is changing. However, areas of the market remain untapped liked financial services and healthcare. Tech never stands still and they believe there are still many opportunities out there.
The 5 mega themes are around automation, internet transformation, artificial intelligence, next generation infrastructure and payment digitisation. From this are multiple drivers – new payment methods, transport revolution, software as a service, entertainment on demand, 5G, cloud infrastructure, platform proliferation, machine interface, flexible displays and extending Moore’s law….read more