317. 20 years of innovation: from healthcare to semiconductors

FundCalibre - Investing on the go

Dr. Ian Mortimer, manager of the Guinness Global Innovators fund, discusses the fund’s focus on investing in quality growth companies that are exposed to long-term secular growth themes, rather than early-stage startups. He outlines the fund's nine core themes and explains why a significant part of their strategy involves semiconductor companies, which play a crucial role across various themes. He further explains their balanced approach to managing holdings, emphasising long-term investments and systematic trimming of large positions, like Nvidia, to manage risk.
What’s covered in this episode:

• How do you define “innovation”
• What themes are in the portfolio?
• The powerful impact of semiconductors
• Are we in a semiconductor super cycle?
• Why the managers are trimming their Nvidia exposure
• Is AI a benefit to investors?
• Is Nvidia’s earning growth healthy?
• Opportunities in healthcare innovation
• Two recent additions to the portfolio

More about the fund:
The Guinness Global Innovators fund focuses on innovative and disruptive companies and has identified nine key innovation themes. These themes are advanced healthcare; artificial intelligence and big data; clean energy and sustainability; cloud computing; internet, media and entertainment; mobile technology and the internet of things; next generation consumer; payments and FinTech; robotics and automation. The fund will naturally have a heavy bias in favour of the growth style of investing.
Learn more on fundcalibre.com
Please 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.