Whereas last year investors were looking at growth stocks with a very long horizon, and short-term corporate losses were being brushed aside under the guise of long-term thinking, that sentiment has completely reversed in 2021. Perhaps the best example of this is the Non-Profitable Tech Index created by investment bank Goldman Sachs, an index of – yes, you guessed it – loss-making companies in the technology sector. I have taken the end of December 2019 as the starting point and converted the position on that date back to 100. This index lost more than 25% during the first outbreak of the pandemic, but then began an impressive resurgence. Between March 2020 and February 2021, the index increased fivefold (!) in the space of 11 months. However, the decline since then has been almost as spectacular as the index has now lost 36% in the last three months.
The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).
The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.
Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.