Joanne Tran from the Australian Financial Review discusses Technology investment in Australia with Tim Riordan and our Mid Cap Quality Team who share their own insights noted below:
Blackwattle Investment Partners portfolio manager Tim Riordan owns Xero and Life360 among other technology stocks in his mid-caps fund and has been overweight the sector.
The money manager cited robust financial metrics as one of the reasons for the strong momentum behind ASX-listed technology businesses. Other reasons include the poor performance of Australia’s mining sector which has prompted investors to look elsewhere for returns.
“They continue to present as very attractive and strong business models,” Mr Riordan said. “They’ve got multiple operational levers available to them to achieve their growth outcomes. It’s a really attractive dynamic.”
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