The technology metamorphosis

Investors are constantly looking at what the next drivers of growth will be, where they will be located, and who will benefit from them. Technology is enabling growth across the world, but what differentiates the hundreds of companies headed for mediocrity or failure from the few that will excel? And how much more room is there to grow?[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22David%20Veal%22%2C%22job_role%22%3A%22chief%20investment%20officer%2C%20Employees%20Retirement%20System%20of%20Texas%20(United%20States)%22%2C%22content%22%3A%22%22%2C%22image%22%3A%2247064%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fdavidtveal%2F%22%7D%2C%7B%22name%22%3A%22Mark%20Baribeau%22%2C%22job_role%22%3A%22managing%20director%2C%20head%20of%20global%20equity%2C%20Jennison%20Associates%20(United%20States)%20%22%2C%22content%22%3A%22Mark%20B.%20Baribeau%2C%20CFA%2C%20is%20a%20managing%20director%2C%20the%20head%20of%20global%20equity%2C%20and%20a%20global%20equity%20portfolio%20manager.%20He%20joined%20Jennison%20Associates%20in%20April%202011.%20He%20was%20previously%20with%20Loomis%2C%20Sayles%20%26%20Company%20for%20more%20than%2021%20years%2C%20where%20he%20was%20lead%20portfolio%20manager%20for%20the%20global%20equity%20opportunities%20strategy%2C%20beginning%20in%202004.%20In%20addition%2C%20he%20managed%20large%20cap%20growth%20portfolios%20from%201992%20to%202010%2C%20serving%20as%20lead%20manager%20from%201999%20to%202010.%20Prior%20to%20his%20tenure%20at%20Loomis%2C%20Sayles%20%26%20Company%2C%20Baribeau%20was%20an%20economist%20at%20John%20Hancock%20Financial%20Services.%20He%20received%20a%20BA%20in%20economics%20from%20the%20University%20of%20Vermont%20and%20an%20MA%20from%20the%20University%20of%20Maryland.%20He%20has%20a%20CFA%20designation%20and%20is%20a%20member%20of%20the%20Boston%20Security%20Analysts%20Society%20and%20the%20National%20Association%20of%20Business%20Economists.%22%2C%22image%22%3A%2247065%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fmark-baribeau-c-f-a-067856b%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Amanda%20White%22%2C%22job_role%22%3A%22Director%20of%20institutional%20content%2C%20Conexus%20Financial%20%20(Australia)%22%2C%22content%22%3A%22White%20is%20responsible%20for%20the%20content%20across%20all%20Conexus%20Financial%E2%80%99s%20institutional%20media%20and%20events.%20She%20is%20responsible%20for%20directing%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20which%20challenges%20global%20investors%20on%20investment%20best%20practice%20and%20aims%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%2C%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20She%20is%20the%20editor%20of%20www.top1000funds.com%2C%20the%20online%20news%20and%20analysis%20site%20for%20the%20world%E2%80%99s%20largest%20institutional%20investors.%20White%20has%20been%20an%20investment%20journalist%20for%20more%20than%2020%20years%20and%20has%20edited%20industry%20journals%20including%20Investment%20%26%20Technology%2C%20Investor%20Weekly%20and%20MasterFunds%20Quarterly.%20She%20was%20previously%20editorial%20director%20of%20InvestorInfo%20and%20has%20worked%20as%20a%20freelance%20journalist%20for%20the%20Australian%20Financial%20Review%2C%20CFO%2C%20Asset%20and%20Asia%20Asset%20Management.%20She%20has%20a%20Bachelor%20of%20Economics%20from%20Sydney%20University%20and%20a%20Master%20of%20Arts%20in%20Journalism%20from%20the%20University%20of%20Technology%2C%20Sydney.%20She%20was%20previously%20a%20columnist%20for%20the%20Canadian%20publication%2C%20Corporate%20Knights%2C%20which%20is%20distributed%20by%20the%20Globe%20and%20Mail%20and%20The%20Washington%20Post.%20White%20is%20currently%20a%20fellow%20in%20the%20Finance%20Leaders%20Fellowship%20at%20the%20Aspen%20Institute.%20The%20two-year%20program%20consists%20of%2022%20fellows%20and%20seeks%20to%20develop%20the%20next%20generation%20of%20responsible%2C%20community-spirited%20leaders%20in%20the%20global%20finance%20industry.%22%2C%22image%22%3A%2245819%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Famanda-white-101a7515%2F%3ForiginalSubdomain%3Dau%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]

Editorial coverage

Editorial Content

Inflation is coming. Time to act

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Related reading

Fundamentals tilt in favour of emerging markets
Inflation impact on assets[vc_empty_space height=”10px”]

Key takeaways

• The world has two decades to find the solutions to keep warming to below two degrees, otherwise we are likely to cross two degrees and need to plan for risk associated with two point five or three degrees.

• He said the number of corporate commitments to tackle climate change will increase in line with customer demand for more action.

• On one hand innovation will comprise “sustained innovation” of existing technology. In contrast, “disruptive innovation” comprises new technology that is initially expensive but then becomes cheaper.

• Innovation also depends on companies being able to tap the infrastructure and supply chains they need to thrive.

• In early-stage investment, the focus is on feasibility and the extent to which a new product is cost effective or competitive. In the next stage access to a supply chain and infrastructure becomes a priority.

• Investment in pioneering sectors involved working with teams that understand the technology, regulatory barriers and supply chain risk as well as an understanding of the policy needed to create these markets.

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Unanswered questions and answers

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Poll results

To follow[vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22OneDirect-to-consumer%20models%3A%20E-commerce%2C%20EVs%2C%20entertainment%22%2C%22y_values%22%3A%2236%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22Tech%20enablers%3A%20Digital%20payments%22%2C%22y_values%22%3A%2227%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Digital%20transformation%20of%20the%20enterprise%3A%20software%20as%20a%20service%22%2C%22y_values%22%3A%2236%22%2C%22color%22%3A%22sandy-brown%22%7D%5D” title=”Which secular theme do you think is most compelling?”]