Cellnex Telecom is the only Spanish technology company that is present in the Global Technology Leaders and Sustainable Future Technologies funds of Janus Hendersonfocused on companies that provide long-term capital growth and that offer technological solutions with a positive impact on the environment and society, respectively.
The Spanish company, like many other technology companies, is having a bad year and has lost around 40% of its value: from the more than 56 euros to which it was sold a year ago, now it is listed at around 32 euros. In any case, it continues to be one of the favorites of international investors and the only Spanish technology company that many of them are betting on, such as Janus Henderson.
Currently, Edition holds 8.532% of the shares, followed by GIC Private Limited and Lisson Grove Investment Private Limited, with 6.989% and 6.73% of the total, respectively. BlackRockfor its part, owns 5.028% of the shares.
The manager of the two Janus Henderson funds, Richard Clodeexplained in an interview with Europa Press that there are not many technology companies in Spain compared to other regions, a problem that occurs throughout Europe, although it is an important market for the companies they have in their portfolio.
In addition, Spanish investors have less exposure to certain sectors such as technology due to the sectoral distribution of their listed companies, with very few technology companies, so it is natural that they are underweight, as highlighted by Clode.
The technology sector has not performed well this year, with very significant crashes due to the rate hike that central banks have been implementing and that is being especially aggressive in the United States. Faced with this situation, the manager has highlighted that the securities are much cheaper than before, and that neither the regulation nor the demographic trend is going to change, so the trend will continue to be hot in the coming years.
So, do you think there will still be growth in the industrybut that this will slow down next year compared to the values that have been recorded.
In Europe, the United Kingdom is the market with the greatest potential in technology, given that it is the headquarters of many of the multinationals in the sector. That makes for a huge congregation of talentwhich translates into ideas that can become other companies.
“The local market in Europe has a decent size, but it is much easier to scale companies in other countries such as the United States or China,” explained Clode, although he recalled that some companies have succeeded, such as the French BeReal and Capgeminiamong other.