In a recent research report National Bank discussed the major trend that is dominating the developed world currently – global de-leveraging. Regardless of this negative trend, they cite 4 mega trends that investors can benefit from despite the likelihood of low growth in the developed economies (via National Bank):
While the heavily indebted Western countries face years of sluggish growth, the developing world is rapidly urbanizing and industrializing. Particular areas include sector relative to the basic needs of the developing world. These include:
1) Electricity to keep pace with the needs of rapidly urbanizing and industrializing societies.
2) Food and water.
3) A more robust health care safety net to improve social stability and encourage more domestic consumption.
4) Natural gas to help the developing world meet its energy needs in a more environmentally friendly manner.
Source: National Bank
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.