The remixing of the Dow Jones Industrial Average should signal the need to make room for technology themes in portfolios, even for investors who prefer other indexes, according to UBS Global.
“The shuffle highlights the importance of diversification in ensuring that investors are well exposed to the winners in a post-Covid-19 world,” UBS’s chief investment office said in a research note dated August 31. The bank pointed to renewable energy, technology disruption, 5G networks, and health-care tech as winning themes over the long term.
- Christine Idzelis
- Institutional Investor