The sports sector is showing exponential growth. Sales increase by 20 percent per year and are expected to generate a staggering $ 1.7 billion as early as 2021.
Established game developers get new sources of revenue through the growing sports sector without having to make major investments. Peripheral services such as advertising and rights for TV and streaming are expected to grow sharply.
Technology companies have proved resilient during the downturn in the stock market in the wake of the corona pandemic. The sports sector rather sees an increased interest and physical events can easily be made digital.
The fund is managed by Inge Heydorn, who has a solid background in the management of technology companies and who was previously head of analysis for the telecom sector at Deutsche Bank in London and global head of technology analysis at ABN Amro. Inge comes most recently from Sentat Asset Management - a company he founded himself and where he was responsible for the management of the hedge fund Thyra Hedge.
March was a volatile month in which the market was driven back and forth by developments in long-term interest rates. We are now happy that we have the month behind us
We saw a sharp turnaround in the market in February, where the whole upswing supported by good reports disappeared in the fear of higher interest rates during the latter part.
Inge Heydorn and Johan Roslund of GP Bullhound share their weekly thoughts on the recent developments on the tech markets.
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Investing in mutual funds always involves a risk. The value of your investment can go up and down depending on factors that affect the market including interest rates. Historical returns are not an indicator of future returns. Investors may lose part or all of the invested amount. For more information on risks, read more in the fund's KIID and prospectus.
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