DNB Asset Management: technology giants remain attractive for investors
DGAP-News: DNB Asset Management / Key word (s): Investment / Market Report DNB Asset Management: technology giants remain attractive to investors
06.04.2014 / 12:03
DNB Asset Management participates in the 10-year anniversary of Google Switzerland
Technological innovations change the world and create demand. At the same time the investment needs of companies in the IT sector is high. What was deferred for investment in the crisis years, can now be rescheduled due to attractive corporate profits. From the growth acceleration above all established players like Google are likely to benefit, which are located in an excellent starting position. Such is the tenor of Sverre Bergland, portfolio manager of the DNB Technology Fund. With its technology fund, including a long-short-range one, DNB Asset Management has long since taken root in Germany. In addition to the cash inflows, this also proves the investor and start-up Day of Google Switzerland, which to his tenth anniversary of a co-event with DNB organized.The Internet giant Google is one of those established top companies the almost fully lends itself to long-term investments. While individual overvalued social media platforms and highly innovative 3D Printing Company suffered the expected corrections “Old Tech” remain high. Accordingly, self-confident, Google Switzerland presented at the start up and Investor Day of interested investors group DNB Asset Management had invited to Zurich. As Patrick Warnking, Google chief Switzerland pointed out, the focus of innovation on the added value for the users. The big challenge is, for instance in voice recognition constantly develop the technologies and to keep the escalating costs under control. “From Switzerland out, we are working continuously to develop advanced Internet technologies for users and businesses continue – and very successfully now for 10 years,” Patrick Warnking said. The potential of Internet technologies is huge, but are still about 5 billion people around the world offline.
culture of innovation as a key to success
The culture of innovation will attach particular importance to Google Switzerland, warning King said further . Each employee has their individual business plans, colleagues advise each other, the practice of error culture is central. As key technologies of mobile applications and semantic connections are
The technical innovations change the world in many ways. Sverre Bergland, portfolio manager of the DNB Technology Fund, explained on the example of Google, that new technologies also create new business areas, increase productivity and economic growth, and change the political map. The disruptive technologies generated as many winners as losers. As these developments mostly loomed over months, not staying for investors enough time to adjust and winners and losers before changing the background to identify.
technology bubble in sight
central actors looks Sverre Bergland today the distributors of content, as an example, he called again Google. Especially in developing countries, they have enormous potential due to the massive increase in popularity of smartphones. From the much-quoted technology bubble only some over-valued equities were concerned that had crashed in no time. The actors of the “old economy”, however, are recommended long-term investments due to the large potential. So be broadly about Google with Android, TV, YouTube, Chrome and future offerings such as Google Glass, Robotics, Connected Homes and Self Driving Cars and promise consistent long-term returns for investors. Besides Google also shares by the likes of eBay, Samsung and Netgear are characterized by positive returns from.
tailwind thanks to rising corporate profits
One of the striking features of the current economic cycle is the remarkable recovery in the U.S. corporate earnings in a total of more moderate positive overall economic development. The company managed to increase their profits disproportionately, they advanced by very conservative on the expenditure side. The result is a pent-up demand on the investment side for the next 12 to 18 months. This cyclical tailwind of rising global investment comes especially in the technology sector to Good. The more the earnings of the company develops, the more they invest, usually in IT. On the one hand it is so catch the constructed since 2008 residues, on the other hand grows parallel, the importance of online marketing including mobile shopping applications and payment systems, because here the corresponding demand is triggered directly by the consumer.
successfully with two strategies go
The Technology Fund from the house DNB convince investors from Switzerland, Germany and Austria with a strong upward trend. Their investments have grown significantly over the limit of 100 million euros. In numbers: The DNB Technology Fund (ISIN: LU0302296495) stands at an average annual performance of 11.63% at the top of its peer group. In the past year he has seen an increase of 39.17%, or 13.42% more than the Fund’s benchmark has been reached. The heterogeneous environment with partly contradictory trends also represents an attractive investment universe for long-short approaches, what the management team of the DNB TMT Absolute Return Fund (ISIN: LU0547714526) makes use of. This long-term target positive absolute returns regardless of market conditions, by taking long and short positions in the technology, media and telecommunications. Both funds are managed by Anders Tandberg-Johansen, together with the co-portfolio managers Sverre Bergland and Erling Thune.
DNB Asset Management SA is a leading Nordic asset manager who offers products within the Nordic asset classes and in selected subject areas. It is one of 100% of the companies listed on the Oslo Stock Exchange DNB Holding ASA, one of the most successful financial services companies in Scandinavia. DNB has a combined total assets of EUR 200 billion. In the technology area DNB Asset Management is one of the pioneers and leading suppliers in Europe
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All information reflect the current view of DNB Asset Management again, which can be changed without prior notice. DNB Asset Management does not guarantee the accuracy or completeness of the information. This information does not take into account the individual investment objectives, personal financial situation or particular needs of an investor. DNB Asset Management accepts no responsibility for any loss in investments that have been made based on this information. Our terms and conditions can be found on our website www.dnb.no / lu.
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