Gavekal Capital: United Internet Carries European Tech Performance

Monday, December 16, 2013

United Internet Carries European Tech Performance

Over the last month, the information technology sector has been, on average, the best performing sector in the MSCI Europe index.

Within the European tech sector, the internet software and services industry has been, on average, the best performer.

The European information tech sector is somewhat small (by comparison with the US) with only 17 companies. And, in the internet software and services industry, United Internet--one of only three German tech companies--is the sole constituent, carrying performance for the whole European tech sector.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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