What are Transitioning Societies?
The ongoing growth of the global middle class is “a historical shift not seen for 150 years” [1]. And almost 90% of the next billion entrants into the middle class will be in Asia [2]. This significant demographic shift is likely to bring a consumption boom in the developing world, as consumption patterns move from fulfilling basic needs to more aspirational purchases.
What do Transitioning Societies mean for investors?
This demographic growth is mirrored by opportunities for investment growth. Equity investors can look to companies serving the changing consumption patterns of societies across frontier, emerging and developed markets – from healthcare companies providing access to medicines, to infrastructure projects connecting people and societies.
Insights
Why the consumer is king for thematic investors
The consumer is king for thematic investors. Anne Tolmunen and Jeremy Gleeson explain why this is true across both developed and emerging markets.
The Evolving Economy - A fresh approach to equity investing
The way that companies do business has changed dramatically over the last 20 years, but many investors’ approach to equities has remained the same.
When innovation becomes investable
Distinguishing innovation from investment reality is crucial when investing. Dani Saurymper, Jeremy Gleeson and Tom Riley demonstrate how to tell the difference.
Automation
Forecast to grow 10-15% annually until 2025*, the robotics industry is rapidly changing how we live and work
Connected Consumer
Only 11% of global retail sales are transacted online, which will likely increase as smartphone adoption rises globally*
Ageing and Lifestyle
The number of over-60s is expected to triple in size between 2000 and 2050, creating challenges for companies and individuals*
Clean Tech
Huge demographic and environmental changes are forecast to make CleanTech a $3 trillion market by 2025*
The Evolving Economy at AXA Investment Managers
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Established thematic investor
30-year track record of thematic investing and product innovation
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Innovative research structure
Collaborative research structure to prioritise Evolving Economy exposure over traditional geographic and sector information
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Deep insight to performance drivers
Our proprietary thematic exposure database quantifies Evolving Economy exposure across a universe of c.11,000 companies*
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Active, long-term approach
We distinguish between short-term investment hype and investment reality by focusing on long-term commercial viability.
1. UN 2013
2. Brookings institute 2017
*Automation - IFR World Robotics Report 2017, latest available data as of March 2018.
*Connected Consumer - Citi Research, Citi GPS “Technology at work v3.0”, August 2017
*Ageing & Lifestyle - US Department of Commerce, latest data available as of March 2018
*CleanTech - Financier Worldwide, “Investing in the clean technology revolution”, January 2016
*Performance Drivers - AXA IM, correct as at 29 December 2017
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This promotional communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
Produced in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 7 Newgate Street, London EC1A 7NX.