Polar waits for thaw

clock

Technology funds are still waiting for the next big spending cycle, says Brian Ashford-Russell, founder Polar Capital Partners.

That said, there is almost no sector that over the long-term has delivered equal returns, and is so geared to growth in global GDP, he says ”It is cyclical, but it is able to reinvent itself constantly.” Examples of this evolutions includes the focus on office copiers in the 1960s and 1970s, through PCs in the 1980s, into communications technology in the 1990s. The danger to investors is either they do not recognise this process of reinvention over time, and that they only look to invest in technology during the boom years, without doing their homework in the quiet periods ahead of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read
Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read