Over the past year, the so-called Magnificent Seven (Mag 7) have dominated the equity performance in the United States. This was mainly driven by investors looking to invest in artificial intelligence (AI). However, investors should not overlook non-US tech companies in the AI sector, opines Janus Henderson.
“Many of these non-US tech firms now trade at a discount to their Mag 7 peers, given the equity market concentration of 2023. In our view, investors who want to maximize the AI theme would be wise to broaden their view in 2024,” says Portfolio Manager Julian McManus.
McManus cites Dutch semiconductor capital equipment maker ASML or South Korean SK hynix, the leading producer of cutting-edge memory chips, as examples.
Read the full insight here.
Read more
US Election
Trump 2.0 – What investors need to know now
Trump’s return to the presidency signals a mix of opportunities for US equities but raises global economic uncertainties.
Bellevue Asset Management
Demographics and AI drive MedTech stocks
MedTech investment case: What makes it attractive, which trends stand out?
Asia Equity
Why invest in Asia equity long/short now?
Investing in Asia has undergone significant changes in recent years. It might be the time for a different approach.
KKR
Multi-asset credit – the ‘all-weather’ strategy
Allocation to a multi-asset-credit strategy could optimise and manage risk dynamically.
