ATEC: Australia’s answer to the Nasdaq FAANGs (Webinar recap) | BetaShares

ATEC: Australia’s answer to the Nasdaq FAANGs (Webinar recap)

BY betashares | 24 June 2020
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The Australian Technology Sector (ASX: ATEC) : A home grown growth opportunity

Technology has been one of the leading global investment sectors since the GFC, with the likes of the FAANGs – Facebook, Apple, Amazon and Google – dominating the global landscape.

Australia’s tech sector is also growing in prominence, and offers attractive long-term growth potential and diversification from the large cap financial and mining stocks that dominate the local share market.

Our recent webinar presented by Max Cunningham, ASX Executive General Manager, Issuer Services, and Investment Products, and Alistair Mills, BetaShares Associate Director – Portfolio Analytics & Adviser Business, showcased the first Australian ETF providing access to this fast-growing sector – BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC).

WAAAX on?

Australia has its own thriving local tech sector, with innovative companies known as the ‘WAAAX’ stocks, including WiseTech Global, Afterpay, Appen, Altium, Xero, leading the way.

Source: Bloomberg, 1 June 2020. Past performance is not indicative of future returns.

In addition, several local internet upstarts such as carsales.com, Webjet and REA Group have transformed into dominant businesses in their own right after successfully disrupting the established retailing and media industries.

If you missed it, watch the webinar on demand, including the commentary and Q&A, or download a copy of the full presentation.

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