The coronavirus pandemic caused a "great reset" for investors, according to Michael Arone, the chief investment strategist of the US SPDR business at State Street Global Advisors.
Some of the biggest changes will cut right to the heart of investing. The areas where income could reliably be generated and safety found may look a lot different in this cycle compared to the just-concluded one. Arone expects these transformations to continue for years to come as the world reopens and establishes an entirely new sense of normal. He highlighted three specific industries where the changes will be most prominent, and which are ripe for investing opportunities:
Biotech firms are at the forefront of coronavirus treatments and are projected to maintain positive earnings growth relative to the broader market this year. On a three to five-year basis, the FactSet estimate is 19% — nearly double the S&P 500 rate of 10%. To capture these broad innovations in your portfolio, consider the2. Total return
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