Kerr Neilson: three tech companies set to dominate
Kerr Neilson: three tech companies set to dominate. Kerr Neilson speaks with AFR Sunday about his current view on global markets - touching on China, The US, Europe and Australia. Neilson says the best value lies in Asia and there are still great opportunities in technology stocks. On tech he says the key is trying to find those relatively few companies that have a particular lock and a prospect for really getting a global scale. There are companies like that - LinkedIn, Naver in Korea, Tencent in China... there are quite a few of them. Where they've just got a huge, established base and they've got commercial legitimacy. In other words, what they do is pivotal or central to their community. When asked if he is worried about the bubble popping, Neilson says we've already had that, with the tech indexes recently retracing 30%. (VIEW LINK)
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