The synchronised recovery in global growth, witnessed for much of 2017, now seems to have broken down. The US remains the best-performing G10 country today, and growth is expected to stay robust well into 2019, with strong consumer and corporate spending.
Received investment wisdom would view technology stocks firmly as a growth-only proposition. However, for those seeking income, this could be a costly mistake. Despite volatility in the market and worries over new regulation, an increasing number of tech companies have begun to pay dividends to shareholders, and we view the sector as a significant future source of income generation.