Mark Lebbell, Senior Analyst at Utilico Emerging Markets Investment Trust (UEM), describes the global digital infrastructure megatrends across emerging markets including faster, more ubiquitous internet access, further digitalisation of everyday transactions and payments, and more outsourcing of IT infrastructure and functionality to specialists.
If you invest in or around the Digital Infrastructure space, including Data centres, mobile data, Software and IT services, Mark explains the trends in 2023 and his outlook for 2024 including:
1) Data Centres – Strong demand / Potential oversupply in 3-4yrs / UEM remains 'bullish'
2) IT Services & Outsourcing – Positive growth trend continues
3) Mobile Data (Africa) - Growth expected from affordable 4G handsets / FX remains a concern
Outlook for 2024
1) Current holdings well positioned to capitalise on positive digital infrastructure mega trend
2) Expectations for positive financial results and share performance from core holdings increasing
3) Continue to closely monitor markets for new opportunities in the digital infrastructure space
Find out more about the UEM investment trust here.
Utilico Emerging Markets (UEM)