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techsuch May 9, 2021 0 Comments

Australia Technology Investing: An OverviewAustralia has witnessed 27 consecutive years of economic growth, and Australiatechnology investing is on the rise. Here’s an overview.The Australian tech sector is growing quickly as it continues to attractinternational attention.According to CSIRO, the Australian economy is home to esteemed institutions,public systems and employment opportunities, making it ripe for investment andattracting tech talent. To that end, Australia has experienced anunprecedented 27 consecutive years of economic growth.PwC reports that between 2012 and 2017, information and communicationtechnology exports reached US$3.2 billion, rising at a 60 percent uptick.## Did you know Australia has a booming tech industry? Learn about Australiantech sectors and investment opportunities in our FREE investment report!##### Get an in depth market report for free!Yet despite this growth, the tech sector in Australia is largely overshadowedby the nation’s other export industries. Largely dependent on resources andcommodities, eight out of 10 Australian exports relate to energy, agricultureor minerals.In light of these demands, the Australian government is working withtechnology companies to increase efficiencies in the agriculture, biofuels andcleantech industries. For example, Digital Agricultural Services, anagricultural startup, is a company that has created software that tracks landyield and water systems and monitors rural land.Amfora, on the other hand, is an Australian tech company that is developinginnovation in creating livestock feed with new vegetable oil extractionmethods.Looking over at other verticals within the Australian tech market, severalcompanies are driving innovation in artificial intelligence (AI), esports,renewable energy and fintech.Notably, some US companies are seeking out investment opportunities inAustralian tech stocks. Salesforce (NYSE:CRM) and Cisco (NASDAQ:CSCO) haveinvested millions in Australia’s tech sector to take advantage of theopportunities in the market. For its part, Google (NASDAQ:GOOG) is partneringwith Australia’s Lendlease in a US$15 billion deal.With international interest accelerating in Australia’s growing tech sector,here’s a look at the different ways to invest in it and an overview of thefuture outlook for the industry.## Did you know Australia has a booming tech industry? Learn about Australiantech sectors and investment opportunities in our FREE investment report!##### Get an in depth market report for free!## Australia technology investing: StocksThere are a number of technology stocks listed in Australia that havewitnessed strong gains this year.As of midway through 2019, the companies below were the top performers year-to-date, according to CRN. All stocks listed had market caps between AU$10million and AU$500 million at that time. * Uniti Wireless (ASX:UWL): Uniti Wireless is a broadband and wireless service provider founded in 2012. The company launched its IPO on February 13, 2019. * 5G Networks (ASX:5GN): Tech and telecom company 5G Networks implements cloud solutions through its 5GN platform, targeting commercial clients to adopt cloud security, backup and technical support solutions. * Rhipe (ASX:RHP): Rhipe is a company that helps businesses adopt cloud systems. Its cloud services include workforce outsourcing and cloud subscription licensing programs such as Microsoft (NASDAQ:MSFT) Dynamics. * Cirrus Networks Holdings (ASX:CNW): Founded in 2003, Cirrus Networks Holdings is an IT consulting firm focused on disruptive technology, risk reduction and backup solutions. Its strategy services include developing Internet of Things tactics and honing data analytics within a full-circle data management lifecycle. * Kogan.com (ASX:KGN): Online marketplace company Kogan.com casts a wide net across a number of retail, mobile, travel and insurance offerings. New vertical expansions in health and pets are projected for the future.## Australia technology investing: ETFsA total of AU$16 billion was invested in Australian exchange-traded funds(ETFs) as of April 2019. The ETFs below are listed on the ASX, and theyprovide exposure to tech companies around the world.## Did you know Australia has a booming tech industry? Learn about Australiantech sectors and investment opportunities in our FREE investment report!##### Get an in depth market report for free! * ETFS Robo Global Robotics and Automation ETF (ASX:ROBO): Tracking the ROBO Global Robotics and Automation Index, this ETF invests in AI and robotics companies that have market caps over AU$200 million. Founded in September 2017, this ETF has a 0.69 percent management fee and 89 holdings. Among its top holdings are Hiwin Technologies (TPE:2049), weighted at 1.8 percent; NVIDIA (NASDAQ:NVDA), weighted at 1.8 percent; and Yaskawa Electric (TSE:6506), with a 1.7 percent weighting. * BetaShares Global Cybersecurity ETF (ASX:HACK): Requiring no minimum investment, the BetaShares Global Cybersecurity ETF has a 0.67 percent management fee and 44 holdings. It has been in operation since August 2016. The ETF tracks the NASDAQ Consumer Technology Association Cybersecurity Index, providing exposure to global cybersecurity companies. Its top holdings include Splunk (NASDAQ:SPLK), weighted at 6.5 percent; Okta (NASDAQ:OKTA), with a 6.3 percent weighting; and Palo Alto Networks (NYSE:PANW), weighted at 6 percent. * ETFS Morningstar Global Technology ETF (ASX:TECH): Tracking the Morningstar Developed Markets Technology Moat Focus Index, this ETF has a 0.45 percent management expense and has 34 holdings. Founded in August 2017, it is an equal-weighted ETF that provides exposure to tech stocks around the world. The index specifically is composed of companies that have good price-to-fair-value ratios. The top holdings of this ETF include Lam Research (NASDAQ:LRCX), KLA (NASDAQ:KLAC) and Facebook (NASDAQ:FB), which all have 4.4 percent weightings. * Global Robotics and Artificial Intelligence ETF (ASX:RBTZ): Providing exposure to companies focused on AI and industrial robotics sectors, the Global Robotics and Artificial Intelligence ETF has a 0.47 percent management fee and 35 holdings. Originating in September 2018, this ETF tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index with no minimum investment required. Among the highest-weighted companies in this ETF are NVIDIA at 7.7 percent, Mitsubishi Electric (TSE:6503) at 7 percent and Intuitive Surgical (NASDAQ:ISRG) at a 6.8 percent weighting. * Battery Tech and Lithium ETF (ASX:ACDC): The Battery Tech and Lithium ETF is the first ETF in Australia to track the energy storage and production sector. Since August 2018, this ETF specifically has tracked the Solactive Battery Value-Chain Index, which focuses on lithium, battery metals and battery storage companies. With 29 holdings, this ETF has an expense ratio of 0.69 percent. Top holdings in this ETF include NEC (TSE:6701) at 4.1 percent, Sony (NYSE:SNE) at 3.8 percent and FMC (NYSE:FMC) at a 3.7 percent weighting.## Did you know Australia has a booming tech industry? Learn about Australiantech sectors and investment opportunities in our FREE investment report!##### Get an in depth market report for free!## Australia technology investing: Future outlookAccording to a report published by the Australian government, technology isset to have a pronounced impact across multiple industries in the country.The mining industry, for example, is anticipated to benefit from digitaladvancements through the use of 3D printing technology, which will enable theproduction of spare parts on demand. Agriculture will continue to benefit asyield technology is employed at higher rates and as blockchain technology isintegrated into supply chain processes.Government support for a more adaptive education system will be central tothese advancements as the sector changes rapidly and unpredictably. Small- andmedium-sized business adoption will be key as well. Current barriers to techadoption include lack of skills, poor internet access, cost and time.The government is working with the tech industry to counter these roadblocksand strengthen the sector through introducing its National Broadband Networkat affordable prices, among other policy initiatives.Underpinning future growth, PwC notes, will be the development of asophisticated tech workforce.The demand for skilled workers is projected to reach 758,700 by 2023, and thecross pollination of tech and other major sectors is providing newopportunities for growth and advancement to create a sustainable advantage inthe global economy.Don’t forget to follow us @INN_Australia for real-time news updates!Securities Disclosure: I, Dorothy Neufeld, hold no direct investment interestin any company mentioned in this article.## Did you know Australia has a booming tech industry? Learn about Australiantech sectors and investment opportunities in our FREE investment report!##### Get an in depth market report for free!

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