BlackRock says these 5 'mega forces' are about to change how to invest
BlackRock, the largest asset manager in the world, sees five mega-trends that have the potential to make or break future portfolios.
In upgrading its outlook for the sector, it cited the huge frenzy of enthusiasm around the budding technology. The company now has an overweight rating for the AI space, given the potential boost it can offer to productivity, profit margins, and cost savings. "Companies with vast sets of proprietary data have the ability to more quickly and easily leverage a large amount of data to create innovative models," the report said."New AI tools could analyze and unlock the value of the data gold mine some companies may be sitting on." Concerning new innovation, investors should also prepare for the transition to low-carbon economies, BlackRock wrote.
While US-China tensions spur protectionist policies, BlackRock expects investments in infrastructure and robotics to grow. Meanwhile, the possibility of future confrontations among other rising powers could mean growth in defense, aerospace, and cybersecurity sectors. The world's aging population is another troubling mega-trend. As the future labor force shrinks for a number of markets, this has implications on productivity, growth, and government spending.
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