Kepler's Heathcoat Amory: The next secular growth story

Big waves in thematic investment

Tech has beaten every other sector hands-down in both up and down markets, but nothing lasts forever. Where should investors look next?

How does one achieve diversification from technology without reducing the potential for growth? Sector dispersion this year has been startling. However, what has transpired in the technology sector, has actually occurred in a relatively wide range of different businesses, which are loosely defined as technology. An alternative moniker might be 'the ability of platform companies to distribute products globally with almost zero marginal cost', or perhaps as what James Anderson of Baillie Gifford describes as 'companies that derive increasing returns to scale'.  TEMIT pins 2020 underp...