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Over the last 50 years, spending on technology equipment, software and research and development has grown to exceed 50% of all total private fixed investment, according to the US Chamber of Commerce.
Despite potential headwinds, and the recent volatility, we are very optimistic on the long-term prospects for the technology sector.
While there is the potential for short-term market dislocations along the way, we see digital transformation and its sub themes as enduring through an economic recovery.