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Funds Bet on a Consumer Boom to Rival ‘Roaring Twenties’

  • Fund managers are investing in bricks and mortar, luxury
  • Analysts see MSCI’s consumer discretionary index climbing 17%
Nighttime Economy Before Ban On Gatherings Of More Than Six People
Photographer: Anthony Devlin/Bloomberg

Some of the world’s top money managers are betting on a post-pandemic spending boom that will boost real-world companies as economies reopen and people go back to their normal lives.

Investors from Aberdeen Standard Investments Inc. and GAM Investments to UBS Asset Management are increasingly pouring money into companies where face-to-face interaction is the norm -- things like travel companies, restaurants, off-line shopping and “consumer experiences.”