Wells Fargo Investment Institute (WFII) has released a new report titled ‘Transformative Technologies: Investment Opportunities in Artificial Intelligence and Genomics.’ The report delves into these important transformative technologies, how they work, how they will shape the future, and potential investment opportunities.
“Artificial intelligence (AI) and genomics have become more common and have the potential to influence not only how we live our lives, but also many sectors of the global economy in which we work and invest,” said Justin Lenarcic, senior wealth solutions analyst. “Our understanding of the ongoing evolution of these technologies plays a crucial role in identifying investment opportunities for investors.”
The report is divided into three sections to assist investors in understanding how technology will impact the global economy over the next decade. WFII has a favourable view on information technology and healthcare, which can benefit from developments in AI and genomics and believes that communication services, financials, and industrials — WFII has a neutral view on all three — can also benefit. Its analysts believe that there is a broad variety of investment options from technology-focused mutual funds and exchange-traded funds (ETFs) to private placements available to qualified investors.