Richard Clode, portfolio manager in the UK-based Janus Henderson Global Technology Team, discusses the concept of innovation, its importance in the team’s investment decisions and where the most attractive opportunities currently are.

Disruptive technology: a technology that displaces an established technology and shakes up the industry, or the creation of a new industry by a ground-breaking product.

Hype cycle: developed by the advisory and information technology firm Gartner, it is a graphical representation of the maturity, adoption and social application phases of emerging technologies.