Technology companies have generated the highest returns for investors over the last century, according to a long-running study highlighted by The Straits Times.
The research underscores the enduring power of innovation-driven growth, showing that while most equities have delivered modest or negative real returns over such a long horizon, tech stocks have consistently led wealth creation.
The findings arrive as global equity markets reflect on a strong first half of 2026, with major US indices including the S&P 500, Dow Jones Industrial Average, and Russell 2000 posting record-breaking performances.
This recent rally has been heavily influenced by capital flowing into high-growth sectors, mirroring the historical trend identified in the century-long study.
The study serves as a reminder of the structural changes in the global economy.
While traditional industries such as consumer staples and industrials have provided stability, they have not matched the compounding returns of the technology sector.