The managers of the £905m JPM Global Macro Opportunities fund have allocated 16% of their portfolio to a new theme called 'widespread technology adoption', as this area is "now too important to ignore".
Co-managers Shrenick Shah, Talib Sheikh and James Elliot scrapped their 'low inflation' theme in January on the fund, which usually invests across eight macro themes in total, and have worked on the new technology theme since then, introducing a significant position last month (see chart, below). Shah said: "We are talking about really fast adoption and innovation in technology. Acceleration in these areas means technology is becoming invasive across a wide range of areas in the global economy and in many industries. "Most of our decisions are going to require a technology context. I...
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