Viewpoints from the Global Investment Committee


The concentration paradox: Why fewer drivers demand a broader perspective

Key Takeaways

  • Despite The AI boom – and more specifically, the surge in hyperscale data centers – seems to have become the primary driver of global financial markets, creating some fairly valued, potential diversification challenges.
  • But we see nuances and further differentiation within the AI trade, as some investments appear better positioned than others across areas such as equities, private markets, alternative credit, and real assets.
  • More broadly, we are finding value in municipal bonds and real estate, which are continuing to enjoy growing tailwinds.
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