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Follow on Google News | ![]() "Now is the Time to Invest in the Internet of Things"Wealth Alliance's U.S. Equities Tech Specialist James Abbott Discusses Why Smart US Technology is the Place to Be
By: Wealth Allaince The WA US Opportunities Fund that he manages has its largest overweight position on I.T. (Information Technology), with a 3.5 percent in Facebook, and 3.7 percent holding Amazon. James strongly believe that IoT (Internet of Things), which is the enhanced interaction between devices and humans, is going to change the game; driverless cars is an example something straight out of science fiction and onto a road near you soon. He stated, "Our fund also looks to identify companies that will benefit from consumer spending, this is in the model that lower energy prices will drive the consumer monies on the purchase of goods." James added, "Our fund retails shares increased 46.6% over the last three years to the end of February this year, which outperformed the sector average of 39.3%, however lower than the market leading fund at 53.5%." He added, "Many investors choose a tracker fund when dealing with the US markets since they are reliable and efficient, because they are structured to factor quickly negative and positive events associated with the share prices, which translates to making it challenging to purchase shares that are cheaper than they should be." He argues, "The recent market volatility that we have witnessed, and the dispersion between the price it creates, translates to a great environment for a manager like myself to stand back, ignore the masses and create value for my clients." Wealth Alliance champions active research which has proven over the last decade to identify companies that will be long-term winners. James added, "The markets have been turbulent since the start of the year, the S&P 500 down 4% right up to the end of February, however here at Wealth Alliance we simply view these market conditions as time to invest in companies since it is the market that is mispricing." He went on to say, "We see particular opportunities that exhibit growth in the health, pharmaceutical and technology sectors that will all clearly benefit from an ageing population. The markets will continue to present buying opportunities well into the second quarter of 2016, since the presidential election is looming over the United States, as is a further retraction of Federal Reserve easing and the subsequent hikes in interest rates. It is important to note that it is not all bad news though, with wage rates in recovery consumer spending is on the up." If you have any further questions regarding this article or would like to find out more of the advantage of working alongside Wealth Alliance to secure a bright financial future, then simply drop us an email and arrange an appointment to speak to one of our wealth advisors. https://wealthallianceltd.com End
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