Anthony Ginsberg, CEO of GINSGLOBAL Index Fund, provided an update on the tech mega trend ETF in a recent interview. with Steve Darling from Proactive. With the Federal Reserve pausing and expectations of lower rates, the tech mega trend 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 mega trend, 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 mega trend continues to show promise, fueled by global convergence and significant advancements in AI and related technologies.
