"Secular growth stories overwhelm the threat of increased trade frictions every time," he said.U.S. As a result, his fund is focusing more on what he calls the "enablers", which are back-end tech firms that do not trade at as high valuations as companies like Amazon.com Inc and Netflix.Spanish tech firm Amadeus It Group SA , for instance, provides the technology backing the reservation systems used by airlines including British Airways, Southwest, and Lufthansa Group. Shares of the company are up 20 percent for the year to date. "Even if you wanted to, it's difficult to rip them out of these companies," he said.Suzuki has also been increasing his position in European luxury goods makers such as Italian apparel company Moncler SpA and British alcoholic beverage company Diageo Plc , both of which make products that should not be significantly affected by rising global trade costs, he said. "You can find tariff-resistant businesses that are in niches, but it takes work to find them," he said.

Source: The Star June 15, 2018 21:00 UTC