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Whitepaper: Who are the businesses of the future?

May 2017 Global Whitepaper hero

Whitepaper: Who are the businesses of the future?

By 2025, emerging regions are expected to make up almost half the companies in the Fortune Global 500, up from 85 in 2010. Which means that, to identify the great businesses of tomorrow, investors need to shift their focus away from today’s go-to stocks.

We will need to look particularly to online technology platforms domiciled in China, which is now the largest e-commerce market in the world. This white paper looks at the key attributes of these businesses, and highlights some of the companies we believe could be the businesses of the future.

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The Montgomery Global Fund has invested in what we believe to be tomorrow’s great businesses. Businesses like Alibaba (NYSE: BABA) and Tencent (HKEx: 700) are emerging as likely candidates for tomorrow’s great global businesses. Since inception in July 2015, the Fund has returned 21.02% outperforming the benchmark by 6.94%. To find out more about investing in the fund visit the web page – Montgomery Global Fund.

Andrew Macken is a Portfolio Manager at Montgomery Global Investment Management. Andrew joined Montgomery in March 2014 after spending four years as a Research Analyst under Jim Chanos at Kynikos Associates in New York.

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This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564) and may contain general financial advice that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking advice from a financial advisor if necessary.

3 Comments

  1. Hi Andrew,

    Thank you so much for your very detailed summary of the businesses of the future. It’s wonderful to learn how Alibaba and Ten Cent have the potential to grow now and in the future due to their business models. Does the Montgomery Global Fund still own these two shares or do you see them fully valued before the next crash? Since these are Chinese companies, are you concerned that there may be fraud in the accounting practices?

    Many thanks,

    Stefanie

    • Andrew Macken
      :

      Many thanks, Stefanie.
      Our Montgomery Global Fund and Montaka funds continue to own Alibaba and Tencent.
      We gain comfort from our analysis of the cash flow statements of these businesses that the probability of accounting fraud is low. It is very difficult to fake cash balances.
      All the best,
      AM

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