Skip to content

Tech and semiconductor are the go-to sectors now, says investment manager

Tech and semiconductor are the go-to sectors now, says investment manager

Kim Forrest, the founder of investment management firm Bokeh Capital Partners, has said despite major United States indices recording significant drops, there are still opportunities for growth as the global economy reopens and the tech sector is bound to benefit more. 

Speaking to TD Ameritrade Network, Forrest stated that the biggest opportunity lies in the business-oriented technology and semiconductor sectors. She noted that the sectors are also likely to gain amid the resurgence of coronavirus cases fuelled by the Omicron variant.

According to Forrest, the resurging cases also translate to more remote working, and companies will be moving towards enhancing productivity through relevant tech tools. In this line, she expects companies to opt for 5G technology. 

Furthermore, she stated that if companies scrap remote working, they will likely leverage various technology tools to gauge their workforce and improve performance. 

“And the only way I know to do that is by deploying technology. I think technology, specifically business-oriented technology, and then semiconductors because that’s what all has delivered on, but those are pretty good areas to try to look for some values. <…> I think this is going to be a game-changer for a lot of corporations to be able to really roll out some performance-enhancing tools,” said Forrest. 

Tech to boost Nasdaq

Furthermore, she stated that the stock would likely boost Nasdaq, considering that the index has fluctuated due to the high inflation environments alongside the Federal Reserve tapering policies.

Notably, the tech sector emerged as the biggest beneficiary of the coronavirus pandemic in 2020. Several companies in the space gained prominence with their products being used to help people manage the lockdowns. However, in 2021, the sector was outperformed by energy and real estate.

According to our previous report,  the tech sector recorded returns of 27.56% to rank in the third spot. On the other hand, the energy sector gained 36.8%, followed by real estate at 28.01%.

Watch the full interview:

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.