The Association of Investment Companies not too long ago polled UK fund managers, asking them what sectors they count on to carry out greatest over the following yr and over the following 5 years. The high two solutions over each time frames have been power (28% over 12 months) and data know-how (21%). All the opposite sectors lagged far behind (11% stated healthcare).
This just about sums up the divide in immediately’s market. There are these who suppose every part will quickly be again to some approximation of the traditional of the final 20-30 odd years — inflation and charges will fall, the assorted provide crunches will type themselves out, governments will calm down and the market will revert to valuing progress above all. These are the folks whose first query to each fairness strategist is “when will we begin shopping for tech once more?”