Long seen as sectors with predictable cash flow generation protected by either regulation or dominant market positions, a number of these companies have unsustainability leveraged up their balance sheets to fund inorganic expansion. Now a new breed of agile companies are disrupting previously protected business models and pricing structures, meaning we can no longer rely on these companies to provide sustainable dividends and capital appreciation.
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Investment risks
The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the original amount invested. Please remember that forecasts are not a reliable indicator of future performance. References to specific securities and sectors are for illustration purposes only and should not be taken as a recommendation to buy or sell these securities and sectors. The content of this is formed from Neptune’s views as at the date of issue. We do not undertake to advise you as to any change of our views. Neptune does not give investment advice and only provides information on Neptune products. Please refer to the Prospectus for further details.
