Tech Webinar Session #1 Recap - the growth opportunity in Aussie tech | BetaShares

Tech Webinar Session #1 Recap – the growth opportunity in Aussie tech

BY BetaShares ETFs | 4 November 2020
Share
Technology webcast

With the ASX featuring a number of technology stocks that are making their mark globally, Australian investors seeking growth opportunities in the tech sector can start the search in their own backyard, according to a discussion during our recent Tech Leaders event.

The session focused on growth in the domestic technology industry, and how Australian investors have the opportunity to share in more of the upside of early stage companies coming to market compared to U.S. tech stocks.

“Our compulsory superannuation scheme and the large pool of capital has really enabled key stakeholders like the ASX, venture capitalists and founders to come to the market earlier than they would have in overseas markets,” ASX executive general manager of issuer services and investment products, Max Cunningham, explained.

By contrast, it is early stage large private investors who are benefiting in the U.S., with regulation such as Sarbanes-Oxley meaning that many tech companies wait until they are more developed before going to market. As a result, public investors have fewer opportunities to access the early stage growth potential of tech companies in the U.S. than in Australia.

The launch of the S&P/ASX All Tech Index in March was to shine a spotlight on the growth of the technology theme, according to key speaker Daphne van der Oord, Head of Australia and New Zealand, S&P Dow Jones Indices. Mr. Cunningham explained it was also a further step to ensuring Aussie local tech is liquid and globally competitive.

The growth of the Australian technology sector in the last five years is notable.

According to S&P Dow Jones Indices, the number of companies in XTX (the S&P All Technology Index) has more than doubled in the last five years, while the market cap has increased from ~$17 billion in 2015 to $135 billion as at 30 September 2020.

Today, there are 20 companies from XTX in the S&P/ASX 200, making up 5.4% of the S&P/ASX 200 market cap. Just five years ago, there were only 7 companies in XTX that were also in the S&P/ASX 200, representing less than 1% of the index.

Watch the full discussion now.

SPEAKERS

anthony eisen_300px circle.png Richard White Daniel Petre
Anthony Eisen
CEO and Co-founder,
Afterpay
Richard White
CEO and Founder,
WiseTech Global
Daniel Petre AO
Founder and Partner,
AirTree Ventures
Paul bassat Manuri G tim fung_300px circle.png
Paul Bassat
Co-founder and Partner,
Square Peg Capital

Manuri Gunawardena
CEO and Founder,
HealthMatch
Tim Fung
CEO and Co-founder,
Airtasker

Nathan Walsh Daphne van der Oord Max Cunningham
Nathan Walsh
CEO and Co-founder,
Athena Home Loans

Daphne van der Oord
Head of Australia and New Zealand,
S&P Dow Jones Indices
Max Cunningham
Executive General Manager, Issuer Services and Investment Products, ASX
alex vynokur_300px circle.png Ilan Israelstam Peter Harper
Alex Vynokur
CEO and Founder,
BetaShares

Ilan Israelstam
Co-founder, Head of Strategy and Marketing,
BetaShares
Peter Harper
Executive Director – Capital Markets and Institutional Business,
BetaShares

Leave a Reply