Thematic investing is about getting exposure to structural, long-term trends that will change the world. However, no change is instantaneous, and disruptions are never linear. In other words, megatrends tend to go through phases of euphoria and exponential growth and phases of consolidation. From a portfolio perspective, this means that while thematics are a strategic investment, there is value in some tactical adjustments that would allow investors to benefit from changing market environments.
Historical performance is not an indication of future results and any investments may go down in value.