Munro sticks with digitalisation theme for 2021

munro-partners/munro/funds/digital/ecommerce/

14 January 2021
| By Laura Dew |
image
image
expand image

Munro Partners is standing by its investment theme of digitalisation as it believes there is a “long growth runway” for companies in this sector.

Digitalisation was an “area of interest” for the firm last year with companies in areas such as digital enterprise, digital payments and e-commerce and was the fund’s second-highest sector weighting at 14%, behind climate.

In a quarterly update for its Munro Global Growth fund, chief investment officer, Nick Griffin, said he expected trends such as online shopping and remote working would continue.

“We expect to continue to reap the benefits of digitalisation, as our holdings in the digital enterprise, digital payments and e-commerce areas should continue to deliver a strong upcoming earnings results and provide bullish outlook statements. The habits formed in 2020 during the pandemic are likely to stick and lead to an acceleration of growth in many of these areas,” he said.

“There is a long growth runway for companies in the digital areas of interest and the runway’s visibility has become clearer because of the pandemic as we have seen growth rates accelerate and the size of market opportunities expand.”

Holdings included Amazon, Microsoft and semiconductor firms Taiwan Semiconductors and ASML.

The Munro Global Growth fund had returned 38% over one year to 30 November, 2020, according to FE Analytics, versus returns of 6% by its MSCI ACWI benchmark.

Performance of Munro Global Growth fund versus MSCI ACWI over one year to 30 November 2020

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS