We have unashamedly chosen the 8 themes of the CCM Intelligent Wealth Fund from a book called Fast Forward by Jim Mellon and Al Chalabi in which the authors predicted these were the sectors with the greatest potential growth in the future. We agree.
These are the 8 themes;
Biotechnology
Robotics
3D printing
Internet of Things
Renewable energy
Banking payment systems
Transport
Media
We have modified them a little because of the rapid changes in technology since 2014 when the book was first published. Because Jim Mellon has a remarkable record of researching, analysing and predicting the future we have every confidence in his predictions. For example, he wrote a book called Wake Up!: Survive and Prosper in the Coming Economic Turmoil in 2005 which predicted the global financial crash of 2008. So his track record for predictions is excellent and it is backed up with significant and compelling research.
The world is currently going through its fourth Industrial Revolution. Some might call it a technological revolution.
We recognise this as the most transformative era in the history of mankind. What’s more it is going to be the quickest. The world as we know it will be unrecognisable within a generation.
For example it is predicted that 90% of the companies that currently make up the S&P Index of 500 of the largest companies in America today will be unrecognisable from today’s index in the next 10 years! It is staggering to think that the world’s most profitable company, Google, is just 20 years old! In the future technologically advanced companies will appear from nowhere and become giants in even shorter timescales.
What this means to me as a fund manager is that simply continuing to invest in the same companies and in the same sectors that the majority of other fund managers invest in will not reap the rewards in the future that it has reaped previously. After all the definition of a mad person is someone continuing to do the same thing over and over again and expecting a different result!
So the key to successful investing in the future will be in identifying the companies and the sectors which are most likely to be disrupted, invest in the disrupters and dis-invest in the established companies especially the ones most resistant to change.
Of course the simplest way to achieve this is to invest in the CCM Intelligent Wealth Fund. You know it makes sense.
