There Is No Tech Bubble; Embrace The Growth - Kevin O’Leary

Growth amongst tech companies has been consistent across economies around the world, and investors should not shy from investing now, even during all-time high valuations, this according to Kevin O’Leary, chairman of O’Shares ETFs and star of “Shark Tank.”
O’Leary told Kitco News that while tech companies in developed countries are a good investment, their counterparts in emerging markets present even better upside potential owing to the high rate of growth of their host nations.
“I’ve started to look at other economies’ GDP growth. Look at China: 6% GDP growth versus 2.7%, 2.8% for us. You want to find the equivalent of every internet play in China because you’re getting double the domestic growth, and you can find those companies now,” O’Leary said. “To me, it’s just diversification.”
Mirroring this investment philosophy, O’Shares ETFs has launched the O’Shares Global Internet Giants ETF (NASDAQ: OGIG). The ETF tracks an index consisting of global high-growth internet and e-commerce companies.
“Everybody knows the classic names domestically: Amazon, Google, Microsoft. These are iconic companies that disrupted commerce in the United States and the North American markets forever. About a year ago, I thought to myself: who’s doing that in South America, who’s doing that in Europe, who’s doing that in China? So we created this index that sought out every company that’s doing it globally,” O’Leary said. (show less)

Growth amongst tech companies has been consistent across economies around the world, and investors should not shy from investing now, even during all-time high valuations, this according to Kevin O’Leary, chairman of O’Shares ETFs and star of “Shark Tank.”
O’Leary told Kitco News that while tech companies in developed countries are a good investment, their counterparts in emerging markets present even better upside potential owing to the high rate of growth of ... (read more)

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