I am interested what sectors investors see as leading growth over the next twenty years?
My keen interest is energy and soft commodities followed by hard commodities on the back of the once in an investment generation industrialisation and adoption of Western living standard of Chinindia. In particular, I am a long-term bull on:
1. Energy. Has to be a no brainer. Dwindling oil supply, no new major oilfields discovered for years, climate change (brown coal) is a classic pincer move for the old 'oil/coal' axis. In the short-term, oil companies could be an outperform due to supply shocks with the existing brown infrastracture taking a few more years to develop. In the medium term, uranium. For the long term, it is CSM, geothermal and one or two others that can provide base load power. Not sure about the future of transportation energy - hydrogen, electric?
2. Fertilizer needed to feed a population of 10billion on an ever dwindling bread basket.
3. Water technology - ditto above.
4. Green buildings, especially core property sectors (huge consumers of energy).
I can add more to the list but I would love to hear the thoughts of any futurists in the meantime. For instance, my interest has not been in technology but I am sure there is money to be made out of technological innovation especially in infrastructure, communication and medicine.