The 'new' tech stories set to boost the sectors growth

One of the key differentiating factors of technology - and why it is such an exciting place to invest - is that it has the power to create new markets. Certainly, this may happen sporadically in retailing, or construction, or oil and gas, but permanent, ongoing disruption is a characteristic unique to technology

Some of these stories are well-understood and have largely been reflected in valuations. For example, we believe the move to mobile and online retailing is recognised by investors (though in some cases, the pace of growth may have been underestimated). But technology is creating new markets all the time. As new industries emerge, there is often significant value up for grabs. It is not always clear early on who will be the winner from significant technological change; there may be several winners and early adopters may not always triumph. We are currently making these judgements about...