Disruptive Change Research

Aug 09, 2023

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Past, Present, Future

For almost two decades, Counterpoint Global has had a dedicated research effort focused on disruptive technologies and business models which helps the team maintain broader perspective and identify the opportunities and risks that disruption can present to long-term enterprise value creation.
This focus on disruption has provided multiple benefits—it reinforces our long-term mindset, helps us manage risk, and reduces errors of omission.
Past successful research into disruption includes the shift to digital advertising, which grew from 3% of advertising dollars when we started to focus on it to 72% last year, and the transition to cloud computing, which has significantly reduced costs for companies since we began our research on it in 2005.
We first began digging into artificial intelligence in 2016, and currently believe it has the potential to be the most disruptive technology, touching every aspect of our lives and creating large opportunities and risks for investors over the next 5 to 10 years.
With lessons learned across nearly two decades, the Counterpoint Global team continues to apply the same curiosity, verve and vigilance to researching new technologies and business models, and integrating that added value into our overall research process.

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RISK CONSIDERATIONS

There is no assurance that a Portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the Portfolio will decline and that the value of Portfolio shares may therefore be less than what you paid for them. Market values can change daily due to economic and other events (e.g. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. It is difficult to predict the timing, duration, and potential adverse effects (e.g. portfolio liquidity) of events. Accordingly, you can lose money investing in this Portfolio. Please be aware that this Portfolio may be subject to certain additional risks. In general, equities securities’ values also fluctuate in response to activities specific to a company. Investments in foreign markets entail special risks such as currency, political, economic, market and liquidity risks. The risks of investing in emerging market countries are greater than risks associated with investments in foreign developed countries. Privately placed and restricted securities may be subject to resale restrictions as well as a lack of publicly available information, which will increase their illiquidity and could adversely affect the ability to value and sell them (liquidity risk). Derivative instruments may disproportionately increase losses and have a significant impact on performance. They also may be subject to counterparty, liquidity, valuation, correlation and market risks. Illiquid securities may be more difficult to sell and value than public traded securities (liquidity risk).

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