A new report from Global X has shed light on the shifting priorities and criteria investors are seeking in equities. 

Billy Leung, Senior Investment Strategist, said for much of the past decade, equity markets rewarded companies that required relatively little physical capital. 

This included software platforms and digital businesses.

These companies demonstrated how scale could be achieved without extensive infrastructure, allowing revenue growth to accelerate faster than investment.

Asset-light models became associated with high returns on capital, rapid scalability and structural market leadership.

However, Mr Leung contends there is a different set of economic forces is now drawing attention to…