Malcolm Schembri: Investor focus on 'Covid winners' detracts from real growth story

clock • 4 min read

Pre-Covid-19, a whopping 92% of companies feared they were getting disrupted. It is this more than the short-term effects of the pandemic that will determine investment returns for the rest of the decade, writes Malcolm Schembri

The opportunity/risk of digitisation is still under-appreciated by markets today. Even before COVID-19, structural drivers were relentless. According to a recently published Pre-Covid-19 survey by McKinsey, only 8% of companies believed at the time that their current business models remained economically viable if their industry kept digitising at its current pace. A whopping 92% of companies feared they were getting disrupted. Leaders in all sectors are effectively investing at scale in technology and analytics and using this as a competitive advantage. This is one factor we use to asse...

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

Watch Professional Adviser's Working Lunch with Baillie Gifford - Unlocking Opportunities Beyond the US: Why now for the Baillie Gifford Managed Fund

Watch Professional Adviser's Working Lunch with Baillie Gifford - Unlocking Opportunities Beyond the US: Why now for the Baillie Gifford Managed Fund

Catch up on the discussion

Professional Adviser
clock 01 December 2025 • 1 min read
Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Growing interest in IPOs and a surge in pension fund interest put UK small-caps on course for strong growth.

Judith Mackenzie, Partner and Head of Downing Fund Managers
clock 01 December 2025 • 4 min read
'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read