IBTimes UK editor-in-chief George Pitcher speaks to Edmund Shing, global equity portfolio manager at BCS Asset Management, about why with consumer tech becoming an ever-increasing part of our lives, now is a great time to invest in technology.
This technology growth can be clearly seen in the demand for semiconductor chips, the building blocks of all technology from PCs to mobile phones to sensor-based embedded technology found in domestic appliances, cars and in all manner of industrial automation, with growth in semiconductor demand from the "Internet of Things" forecast by Gartner to grow 36% in 2015.
With spending on technology of one sort or another taking up an ever-larger slice of the economic spending pie, Shing argues that tech stocks are likely to maintain their outperformance trend going forwards.
Shing prefers to invest in this theme using Technology-focused exchange-traded funds, such as The Source Technology S&P US Select Sector ETF, and The Powershares EQQQ Nasdaq-100 ETF.
As a side-benefit of investing in one of these exchange-traded funds, Shing says that a UK or Europe-based investor has the currency benefits of being invested in US dollars, at a time when the US dollar continues to strengthen against all European currencies thanks to its stronger underlying economy.