294. Why the big tech names can continue to outperform in 2024

Simon Nichols, manager of BNY Mellon Multi-Asset Balanced, explains why he believes the world’s leading technology firms can continue to deliver strong performance heading into 2024. Simon also explains the fund’s thematic approach, and how it helps identify companies tapping into major themes, like de-globalisation and aging populations, to micro-themes like advancements in semiconductor technology.Simon also highlights his preference for government bonds and explains how uncertainties surrounding interest rates, economic growth, and inflation impact his economic outlook going into 2024 – and where he believes there will be opportunities.What’s covered in this episode: Introduction to the BNY Mellon Multi-Asset Balanced fundThe objectives of the fundThe wide resources of the Newton teamLong-term themes (and micro-themes) in the fund His preference for larger companiesWhy he prefers a specific type of value companyWhy bonds and equities might move in different directions to each other His use of government bonds in the portfolioWill technology continue to outperform?Nvidia investment storyOpportunities in 2024More about the fund:Leveraging the extensive resources at Newton, manager Simon Nichols has established a robust strategy that employs thematic investing to address the transformative factors shaping global markets. He focuses on "future-facing business models" capable of harnessing megatrends within their industries. While the fund primarily allocates to global equities, it also includes a portion dedicated to bonds.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.