Goldman’s global stock chief says tech investors should expand beyond the usual mega-cap favorites and focus on these 3 specific areas | Markets Insider

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Brendan McDermid/Reuters

Peter Oppenheimer – the chief global equity strategist at Goldman Sachs – said in a Bloomberg interview that investors should diversify out of popular mega-cap tech names and consider three new areas within the sector: medical tech, educational tech, and environmental tech. He said that the new bull market we’re in right now will be driven by large tech firms, similar to the prior instance, as digital revolution disrupts the nature of many “traditional businesses.”Oppenheimer also said the traditional 60/40 portfolio is likely to generate “very low return.”Visit Business Insider’s homepage for more stories.Investors with all of their holdings concentrated in mega-cap tech stocks may want to diversify into three specific areas within technology that are likely to grow during this new bull market phase, according to Goldman Sach’s Peter Oppenheimer.The chief global equity strategist told Bloomberg on Wednesday the new cycle we’re in will continue to be dominated by technology and growth companies, but investors should “look at how technology is evolving,” and broaden their stock portfolios accordingly.Oppenheimer listed medical, educational, and environmental technology as three specific areas that investors can use to diversify. he pointed to Europe’s Green New Deal plan …

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