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The Industrials sector has a rich and diverse history, ranging from the epic building of the cross-continental railroads to the sea change in world economic development—the Industrial Revolution—and even played a vital role in the World Wars. But as revolutionary as those early events were, we've witnessed yet another revolution in Industrials' development since World War II.
Fisher Investments believes among the most significant post-war trends is globalization. Liberalization of financial markets and increased openness of trade have driven foreign investment, while improvements in transportation, technology, and the ability to outsource production have enabled multinational firms to manufacture and compete globally. The result, Fisher Investments notes, has been a change from manufacturing primacy of the UK and US to Asia, including Japan, Hong Kong, China, Singapore, Taiwan, and South Korea. US manufacturing still plays an important role in global manufacturing and in the US economy, but Fisher Investments feels its impact has lessened relatively.
For more information or to purchase Fisher Investments on Industrials, click here.
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