Why global tech stocks are the way to go in 2021
There are good reasons why the NASDAQ stock index rose 40 per cent in 2020 - it s full of companies riding on a wave of disruption that will continue in 2021.
Dec 28, 2020 – 7.57pm
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To shoot the lights out in 2020, international equity fund managers really only needed to own a decent chunk of one stock – electric vehicle and battery maker Tesla.
Tesla s performance was so astonishing – up 670 per cent in the year to December 24 – it skewed the performance of those who owned it and those who didn t.
Proof of this can be found in the 2020 performance figures for Nikko AM ARK Global Disruptive Innovation Fund and Baillie Gifford Long Term Growth, two of the best performing international fundies in the year to the end of November.