Nikko AM: clean energy will drive the next bull market, not tech stocks

The next bull market may feature a different class of stocks, says Nikko AM's investment director for global shares, Iain Fulton. (Photo: Livewire)

Dan Brunskill

Mon, 26 Sep 2022

Stocks involved in the transition to clean energy are most likely to drive future gains in global equity markets, while technology giants languish, says Nikko Asset Management.The next bull market will feature a different class of stocks, its investment director for global shares, Iain Fulton, told guests at Nikko’s investment forum, Foreword 2022.Today’s bear market was due to investors adjusting to a new economic reality, he said, with higher inflation pushing up the cost of capital and dragging valuations lower. “The o...

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