The growth of technology stocks over the last decade has completely reshaped investment markets, and investor returns - the technology-based NASDAQ index is up an astonishing 240% over 10 years, while the tech-lite ASX200 still languishes below its pre GFC highs. The technology sector itself, however, is diverse and complex, ranging from producers of core components to disruptive innovators.
In this episode of Your Wealth, Gemma Dale speaks to Alex Barbi, Portfolio Manager of the Platinum International Technology Fund, which has focussed purely on global technology opportunities since its inception in 2000. Over the ensuing 18 years, Alex has experienced the ups and downs of a rapidly developing market, and shares his insights regarding:
- The key trends that have driven the rise of technological dominance for both industry and consumers,
- Specific mega-caps and smaller tech companies that he believes still offer upside,
- The outlook for the FANG stocks, including saturation and regulatory risk, and
- How to break down the technology sector to find value and invest for the long term.