Increasing clamour for interest rate pause in US — Anthony Ginsberg
London, UK
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October 18, 2023 06:45 AM Eastern Daylight Time
HAN-GINS Cloud Technology Equal Weight UCITS ETF (LSE:SKYY) and HAN-GINS Tech Megatrend Equal Weight UCITS ETF (LSE:ITEK) founder Anthony Ginsberg visits the Proactive London studio to speak about developments in the world of technology and the performance of his tech-exposed ETFs.
Ginsburg highlights that his Tech Megatrend ETF covers eight sub-themes and had good run in the first half of the year, followed by a slight dip more recently. He emphasises that they take a balanced approach, with holdings equally weighted and rebalanced every six months, unlike other heavily U.S.-focused tech indices.
He also pointed out the convergence of tech themes, such as AI and gaming, which are blurring the lines between sectors. When asked about the level of US exposure in his ETFs, Ginsburg explains that certain tech sectors like robotics and electric vehicles have strong leadership outside the U.S., particularly in Asia, which makes it prudent to take a global approach.
Regarding future interest rates and potential paths forward for the US Federal Reserve, Ginsburg expresses optimism, suggesting that a pause or slower rate hikes could benefit tech stocks. He notes that tech ETFs are currently trading at relatively low price/earning ratios, making them attractive investments for the coming months. In summary, Anthony Ginsburg remains positive about the tech sector's prospects, emphasising the importance of a diversified and balanced approach to investment.
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