Recently returned from a US research trip, Richard Clode, portfolio manager within the Henderson Global Technology Team, discusses why artificial intelligence (AI) is the next secular growth theme in focus for the team. As AI begins to disrupt an increasing number of sectors, Richard believes the team will continue to find compelling investment opportunities and outlines why he thinks the long-term case for technology remains sound.
Topics covered include:
- Tech sector has started 2017 on a strong footing
- Tech companies set to benefit from US tax deal on repatriation of overseas cash
- Reasons why artificial intelligence is a key focus theme for the team
- Factors supporting long-term case for technology are still intact
Volatility: the rate and extent at which the price of a portfolio, security or index, moves up and down. If the price swings up and down with large movements, it has high volatility. If the price moves more slowly and to a lesser extent, it has lower volatility. It is used as a measure of the riskiness of an investment.
Mean reversion: a theory suggesting that prices and returns will eventually move back toward the mean or average.