Why invest in the safety theme?

Frédéric Dupraz and Matthieu Rolin, portfolio managers at Thematics AM, review the strengths of this theme and its relevance in the current context.

Highlights

  • Security is a primary need as defined by Maslow's pyramid. It is both ubiquitous and invisible to consumers, governments and businesses.
  • The theme offers an interesting combo between growth and resilience.
  • It has strong drivers such as innovation, regulation, but also current geopolitical tensions and attractive valuations.
  • It is an extremely resilient market: even in difficult times, security spending is rarely cut.
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