If you're the type of investor who is averse to change, brace yourself. According to the Innosite 2018 Corporate Longevity Report, around half of the stocks on the S&P500 today will no longer be on the list in 10 years. That is a dramatic shift of company fortunes driven mainly by one thing: the rise of automation.
Automation is not new. What's new is the use of Artificial Intelligence (AI) and so-called 'cobots' to assemble products, for example.
In this issue, we asked Garry Laurence, portfolio manager - global equities at Perpetual Investments, to explain how this impacts the fund's portfolios. He talked about key manufacturing research and used Mitsubishi Electric and Siemens as examples of companies that have capitalised on today's wave of digital disruption. Read this article to find out more.