Riding towards a $14 trillion market
Autonomous ride-hailing technology has captured the public’s imagination and will present both a paradigm shift in consumers’ everyday lives and a boon for savvy investors staring at a market that could be worth $14 trillion in value by 2029, according to ARK Invest. The thematic fund manager’s Tasha Keeney recently stopped by Livewire’s offices to discuss how this theme - along with drone technology and 3D printing - will transform the world this decade.
“We estimate that an autonomous taxi will cost 60 cents per kilometer – that’s roughly half of the cost of using your personal car and it’s also much cheaper than a taxi. If you live in the city, chances are you won’t need to own a car.”
But with any major industrial revolution-style change comes disruption to other players, and here Tasha discusses who will feel the pain and the one stock set to gain from your imminent ability to stream movies from the back of your robot driven car.
Not everyone sees the next big thing coming
The Nikko AM ARK Global Disruptive Innovation Fund offers access to a global equity portfolio that provides thematic exposure to disruptive innovation. The Fund seeks to capture long-term capital growth by capitalising on changing trends caused by technology-enabled innovations like genomics, robotics and next generation internet. For more information hit the contact button below.