–News Direct–
Anthony Ginsberg, CEO of GinsGlobal Index Funds, provided an update on the Tech Megatrend ETF in an interview with Steve Darling from Proactive.
With the Federal Reserve pausing and expectations of lower rates, the Tech Megatrend ETF has seen a remarkable 11% increase in November, reaching close to a 30% gain year-to-date. Ginsberg highlighted the global convergence of tech megatrends, encompassing cybersecurity, cloud robotics, AI, and blockchain.
Notably, AI's projected $2 trillion in new revenues over the next few years is boosting sectors like cloud, gaming, and social media. The equal-weighted approach of the MegaTrend ETF, covering eight sub-themes with biannual rebalancing, has proven successful in avoiding over-reliance on specific winners. The interview also touched on the impact of major players like Microsoft driving AI development and the broader influence of AI across various industries, from outsourcing to data centers.
Additionally, Ginsberg discussed the significance of chips in electric vehicles, considering them as "computers on wheels." The semiconductor industry stands to benefit from onshoring and government spending on EV infrastructure. Overall, the Tech MegaTrend continues to show promise, fueled by global convergence and significant advancements in AI and related technologies.
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View source version on newsdirect.com: https://newsdirect.com/news/tech-megatrend-update-ceo-anthony-ginsberg-reveals-surprising-growth-and-global-convergence-825918902
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COMTEX_443906327/2655/2023-11-23T13:07:05
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