Sector’s landscape is changing – but it’s no less mighty

However, Josh Spencer, portfolio manager of the T Rowe Price Global Technology Equity fund, points out one of the benefits of the sector is that it does not depend on a robust wider economy in order to grow. 

But he adds: “It is paramount to identify the companies able to gain market share through levering technology in innovative ways. The ability to identify change, disruption and extreme outcomes within global technology – and how to best manoeuvre around it – is vital in delivering returns and alpha.”

Nyree Stewart is features editor at Investment Adviser