{"id":3658,"date":"2021-12-08T12:29:13","date_gmt":"2021-12-08T10:29:13","guid":{"rendered":"https:\/\/finserve.se\/november-2021-tech-hart-drabbat\/"},"modified":"2021-12-08T12:29:13","modified_gmt":"2021-12-08T10:29:13","slug":"november-2021-tech-hart-drabbat","status":"publish","type":"post","link":"https:\/\/finserve.se\/en\/november-2021-tech-hart-drabbat\/","title":{"rendered":"November 2021: Tech hit hard"},"content":{"rendered":"<div><\/div>\n<p>We have seen a clear increase in market volatility in recent weeks driven by concerns around the new version of covid and the US central bank&#039;s more negative view of inflation. To this must be added a concern about increased wage costs and difficulties in obtaining labour. Tech is one of the sectors most affected by this concern, and above all companies with high multiples. In our view, the market often has difficulty distinguishing between companies that have high multiples due to profit and sales growth such as software and many companies that are expectations companies with half-decent business opportunities.<\/p>\n<p>Software has been weak throughout the fall, which surprises us as we believe that many companies will enjoy strong demand in the next few years due to the digitalization of companies. The video game companies continue to underperform despite strong figures during the autumn. The biggest worry clouds in the sky \u2013 IDFA and tough comparative figures \u2013 we are now on our way past.<\/p>\n<p>The demand for semiconductor equipment continues to be clearly stronger than what the companies can produce today. This together with a number of new factories being built in the next few years means that the outlook for the sector continues to be very bright.<\/p>\n<p>The Global Technology Fund closed up 1.02% in November and is now 23.47% YTD.<\/p>","protected":false},"excerpt":{"rendered":"<p>Vi har sett en klart \u00f6kad marknadsvolatilitet de senaste veckorna drivet av oron runt den nya versionen av covid och den amerikanska centralbankens mer negativa syn runt inflationen. Till detta skall l\u00e4ggas en oro runt \u00f6kade l\u00f6nekostnader och sv\u00e5righeter att f\u00e5 tag i arbetskraft. Tech h\u00f6r till sektorerna som drabbats h\u00e5rdast av denna oro och [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"view_count":"513","footnotes":""},"categories":[26],"tags":[],"class_list":["post-3658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-tech-fund"],"_links":{"self":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts\/3658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/comments?post=3658"}],"version-history":[{"count":0,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts\/3658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/media\/3659"}],"wp:attachment":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/media?parent=3658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/categories?post=3658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/tags?post=3658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}