Baillie Gifford Special — Technology: an enabler not a sector

Here are the top 3 insights for August 22nd. A special looking at Baillie Gifford’s views on the Technology sector.

Today’s Brief

• Baillie Gifford: Technology: an enabler not a sector
• Baillie Gifford: Technology: an enabler not a sector part 2
• Baillie Gifford: Technology: an enabler not a sector part 3

Technology: an enabler not a sector

• I’m asked about exposure to the technology sector more than I’m asked anything else about the portfolios I manage.
• To many people, my love affair with Sony and its subsequent demise is the classic parable for technology investing.
• Over the years, wise heads have nodded and muttered about nothing lasting forever and the innovators becoming the hunted.

Genuine Scores for the top 3 Technology stocks:

• Hollysys Automation Technologies, 79
• SeSa, 75
• Perspecta, 73

Technology: an enabler not a sector part 2

• I don’t think we should view technology as a special case.
• Tech companies are enablers, and they’re subject to the same rules of economics and competition as any other area of the market.
• They drive change across a range of industries, but I would argue that they don’t really stand out as being different.

Genuine Scores for the top 3 Global focused Equity funds:

• Bluerock Total Income+ Real Estate Fund, 99
• Fidelity Advisor Series Growth Opportunities Fund, 93
• Lindsell Train Global Equity, 91

Technology: an enabler not a sector part 3

• The internet has become so central that nowadays it’s no more than one of the tools in our daily lives.
• Indeed, so few companies earn revenue from the web itself that I find it surprising to still hear the internet described as a technology ‘sector’.
• The chief requirement for success is being open-minded.

Genuine Scores for the top 3 Baillie Gifford funds:

• Baillie Gifford Global Credit, 96
• Monks Investment Trust, 81
• Baillie Gifford Sterling Aggregate Bond , 75

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All the best,
Genuine Impact Team

p.s. all Genuine Scores are accurate as of the 21st of August