Tech investment trends accelerated by COVID-19 to stay
The technological growth trends that capitalised on the COVID-19 pandemic that some viewed as temporary tailwinds remain as strong as ever for investing, according to Franklin Templeton.
Franklin Templeton portfolio manager, Francyne Mu, said trends such as e-commerce and new digital behaviours had been accelerated by the pandemic and over the long-term these sectors continued to be well-positioned for substantial growth.
The four key digital growth trends were e-commerce, cybersecurity, online education, and digital payments.
“Take cybersecurity as an example. The shift last year to employees working from home increased the need for cybersecurity software and accelerated the adoption of cloud-based applications. We believe that business is likely to stick as enterprises make permanent changes to support a more mobile workforce,” Mu said.
“To capitalise on these long-term secular growth trends, we employ in-depth, bottom-up research to uncover high-quality growth companies that have both the technological and operational prowess to build lasting competitive advantages in these areas.”
Recommended for you
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.
