Cover story – The disrupters


DISRUPTERS: THE AGE OF CHANGE


Disrupters are everywhere. Andrew Holt looks at what makes a disruptor, where investors can find them and where to put them in their portfolio.


For investors, one of the main themes in the coming years, even the next decade, will be disruption. The list of disrupters is dominated by the spheres of technology and climate change as well as areas such as food and transport. No area of life will escape their impact, meaning that there will be huge implications for investors. How are investors to identify these disrupters? As it is a clear truism to state that by definition disruption would not be dis- ruptive if everyone already knew about it. True disruption is an unknown unknown, to use the eloquence of former US defence secretary Donald Rumsfeld. Such a position makes any assess- ment of disrupters now, or in the future, highly problematic.


16 | portfolio institutional | June 2021 | issue 104


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