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Innovation Is in an Asset Class by Itself With apologies to whoever invented the wheel and Thomas Edison, innovation is happening at a more rapid clip today than at any other time in human history. Daily life is being changed before our very eyes by the unprecedented speed at which information can be processed, the seeming ubiquity of e-commerce, breakthroughs in drug therapy, and more. All of this is also creating opportunities for investors – so much so that a team of equity investment professionals at Lord Abbett is dedicated solely to strategies that invest in innovation. The team believes that innovation should be considered its own asset class, and that stocks of high-innovation companies may need to be viewed as the new core in asset allocations. The good news for investors is that many areas of innovation have only scratched the surface of market penetration. ....