The Australian Financial Review featured our insights on the March 2026 technology sector downturn, where Australian tech stocks lost $7 billion amid multiple headwinds. As a global equities fund, we analysed the convergence of factors driving this market correction.
The tech sector selloff followed the earlier "SaaSpocalypse," where artificial intelligence disruption fears triggered widespread selling in software-as-a-service companies. March compounded these concerns as the Middle East conflict pushed oil prices up 50 per cent, the Reserve Bank raised interest rates for the second consecutive month, and inflation expectations surged. The S&P/ASX 200 tech index plummeted 12.6 per cent, with Life360 down 24 per cent and WiseTech falling 20 per cent.
Our founder Thomas Rice explained the complex dynamics affecting markets:
"The sell-off in tech has multiple drivers layered on top of each other – Iran conflict driving energy costs higher, tariff threats on Korean memory makers, and some 'sell the news' after Micron's blowout earnings. But fundamentally, memory supply is still tight and sold out through 2026 under binding contracts."
This analysis reflects our approach of identifying fundamental value amid market volatility. To read the article, click the link below.