The pace of change is greater now than ever before. Disruption is being felt across industries and geographies and proving a differentiator in the long-term performance of investors’ portfolios. There are exciting opportunities but also significant risks for the 'disrupted'.
We believe it is only from a detailed understanding of industries and business models, and through rigorous research, that investors can stay on the right side of change. This content series outlines our managers’ thinking on the key disruptive themes.
Genetics-based research has accelerated, driven by a dramatic fall in sequencing costs. This has led to the creation of advanced treatment disciplines, such as immuno-oncology, gene therapy and, potentially, personalized vaccines.
Source: Human Genome Research Institute. Data as of 07/2017.
Companies globally are investing heavily to keep up with the digital economy.
Source: IDC, "Digital Transformation (DX): Understanding the Business Case - Market Spend & Trend Outlook," June 2018.
Tech stocks have soared in recent years. But the performance is backed by impressive earnings growth, highlighting the durability of today's transformation.
Source: Bloomberg. Data are for rolling, quarter-end periods through 29/06/2018.
Index performance does not reflect the expenses of managing a portfolio as an index is unmanaged and not available for direct investment.
We believe there are powerful themes shaping, and being shaped by, disruption. Click to read our managers’ latest thinking on each:
The rise of the digital economy is fundamentally changing how all businesses operate. A number of powerful, and investable, trends are linked to this global disruptive force. But which have the strongest potential?
by Richard Clode, CFA
by Jenna Barnard, CFA
by Jenna Barnard, CFA, John Pattullo
by Stephen Payne, ASIP
by Simon Rowe
New products and changing consumer appetites are widely evident – from millennials to retirees. Drug advances are leading to longer lives and urbanisation continues apace. What does this mean from an investment perspective?
by Andy Acker, CFA, Hamish Chamberlayne, CFA, Richard Clode, CFA, Steve Weeple
by Andy Acker, CFA
by Andy Acker, CFA, Ethan Lovell
by John Pattullo
Are we at the tipping point where return on investment is driving companies towards cleaner business practices and green thinking? Which are the most exciting innovations and how can investment help drive, and benefit from, the change?
by Hamish Chamberlayne, CFA
by Ainslie McLennan
China and other developing markets are growing in different ways to some of the older developed economies. Who will be the beneficiaries of cashless economies, China’s move onto the cloud and higher internet use in emerging markets? And where are the risks?
by Andrew Gillan
by Charlie Awdry, CFA
by Glen Finegan
by Paul O'Connor
by Stephen Deane