EDELWEISS US TECHNOLOGY EQUITY FUND OF FUND

Grow with the technology that's growing the world

EDELWEISS US TECHNOLOGY EQUITY FUND OF FUND

Now upgrade your portfolio with world's emerging technology companies

February 2020

Disruption takes no time..

Spot the Car

Spot the HORSE

1900 New York City Fifth Ave

Source: The example is from Tony Seba's Clean Disruption Series

1913 New York City Fifth Ave

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Predicting adoption of new technology is difficult

Phone Disruption

Source: The example is from Tony Seba's Clean Disruption Series

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Disruption is constant driver for wealth creation

Top 10 Technology Companies by Market Capitalization

MAINFRAME

PC

INTERNET

MOBILITY/CLOUD

ARTIFICIAL INTELLIGENCE?

1980

1990

2000

2010

2019

Company

IBM Eastman Kodak Xerox Hewlett-Packard Emerson Electric Texas Instruments Motorola Solutions Nortel Networks Intel Harris

Market cap 38 8 5 4 2

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2

2 1 1

Company

IBM Panasonic Toshiba NEC Fujitsu Mitsubishi Electric Eastman Kodak Sanyo Electric FUJIFILM Holdings Hewlett-Packard

Market cap 54 33 27 19 19

16

13 13

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11

Company

Microsoft Cisco Systems Intel Lucent Technologies Nokia IBM Oracle Nortel Networks

Market cap 604 355 274

238

210 193 158 139

Sun Microsystems 135

Dell

130

Company

Microsoft Google Apple IBM Cisco Systems Oracle Hewlett-Packard Intel Samsung Electronics QUALCOMM

Market cap 269 197 191 171 138 123 122 113

88

77

Company

Microsoft Apple Amazon Alphabet Facebook Alibaba Tencent Holdings

Market cap 1,062 1,012 859 846 508 435 402

Intel

228

TSMC

227

Cisco Systems

210

Source: Bloomberg, FactSet, J.P. Morgan Asset Management; as of 30 September 2019. Market capitalization in USD billions. The securities highlighted above have been selected based on their significance and are shown

for illustrative purposes only. They are not recommendations.

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The stocks/ securities referred to in this literature are not an endorsement by the Mutual Fund and AMC of their soundness or a recommendation to buy or sell these stocks.

Mega trends that will create tailwinds for technology

Cloud Computing & Digital Transformation

The enterprise is leveraging enhanced software capabilities for more offensive purposes to streamline workflow and augment revenues.

Electronic Payments

Payment methods are shifting more towards digital forms of payment globally.

Artificial Intelligence / Machine Learning

A paradigm shift in compute is under way as the growth of data has necessitated the growth of processing power.

Over-the-Top (OTT) Streaming

An increasing number of consumers are cutting the cord in favor of digital modes of content consumption.

Autonomous Cars Machines

More sophisticated computing power is further enabling cars and machines to receive data, analyze it and actuate a response.

5G

A revolutionary change in the architecture and delivery of high speed connectivity.

Source: J.P. Morgan Asset Management. Opinions, estimates, forecasts, projections and statements of financial market trends are based on market conditions at the date of the publication, constitute our judgment and are subject to change without notice. There can be no guarantee they will be met.

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