Measure for measure

Identifying companies set to benefit from technological change will be a major driver of future investment returns. Avoiding the losers will be just as important.

The difficulty in developing a model that accurately predicts equity duration means few managers pay much attention to the concept. And yet, just because it’s a tricky task, doesn’t mean it should be ignored.

Our cover story looks at the insatiable ambition of Amazon to conquer new markets. Also in this issue, Aviva Investors’ CEO Euan Munro outlines what the asset management industry needs to do to win back public trust; while US policymaker Andy Stern makes his case for a universal basic income.