What will be the investment themes of the decade?

The big investment themes of an era tend to be about tech or wealth. Will one of these define the 2020s?

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(Image credit: Andriy Onufriyenko)

A few obvious lessons stand out for investors who are now searching for the big investment themes of the 2020s. One is that big, multi-year bull markets tend to centre around positive ideas, such as exciting new technology or rising consumer wealth

There are exceptions such as the 1970s, where inflation and supply shocks favoured energy, commodities and gold, but these are in the minority. Another is that a boom normally turns into a bubble and then a bust. 

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Cris Sholto Heaton

Cris Sholto Heaton is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is especially interested in international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers. He often writes about Asian equities, international income and global asset allocation.

Cris began his career in financial services consultancy at PwC and Lane Clark & Peacock, before an abrupt change of direction into oil, gas and energy at Petroleum Economist and Platts and subsequently into investment research and writing. In addition to his articles for MoneyWeek, he also works with a number of asset managers, consultancies and financial information providers.

He holds the Chartered Financial Analyst designation and the Investment Management Certificate, as well as degrees in finance and mathematics. He has also studied acting, film-making and photography, and strongly suspects that an awareness of what makes a compelling story is just as important for understanding markets as any amount of qualifications.