Equities

The massive efficiencies achieved by DeepSeek’s recently launched Large Language Model have prompted investors to reevaluate the power, data center, and chip requirements for the development of AI models. As AI becomes more widely adopted, we identify companies poised to benefit.

Shares in Nvidia and ASML have plummeted due to concerns that Chinese AI startup DeepSeek's new model could disrupt the current AI business model. DeepSeek's R1 model, released on January 20, exhibits performance similar to top US large language models (LLMs), but at a fraction of the cost.

2025 is poised to be another positive yet complex year for equities. Balancing core positions in industries driven by secular trends – like semiconductors, AI hyperscalers, and the energy transition – with opportunistic exposures that can benefit from cyclical or policy-induced rebounds can help navigate the challenges ahead.

AI has dominated games like chess and Go, but the markets are far more complex. In our latest Expl(AI)ning article, we explore why investing’s complexity remains unmatched, where AI stands today, and what’s next for finance.

Watch the replay of our webinar featuring Jean Louis Nakamura, Head of Conviction Equities, Sarah Murray, Financial Times Contributor, and Marco Lenfers, Client Portfolio Manager, as they discuss key topics at the intersection of geopolitics, sustainability, and investment opportunities.

Despite US stocks' outperformance over international equities over the past two decades, investing solely in the US benchmark is not without risks. Yet we do not recommend investing indiscriminately in the broad international benchmark. Being selective and actively seeking out quality non-US companies can diversify portfolio risks and offer robust performance.

The new Trump administration’s policies evoke both optimism and apprehension among investors. This uncertainty is exacerbated by the pressures on the US consumer, high market concentration, and potential earnings disappointments. We highlight key themes we believe are worth watching in 2025.

Former investigative journalists tap into non-traditional sources to gather unique insights for our Quality Growth research team. This article highlights three case studies that led a portfolio manager to increase a position, sell a stock, and revisit the viability of a previous holding.

Gain an intuition on how complex AI architectures actually work. You will see that one model cannot fit all kinds of data. The key to solving problems with AI and surpassing mathematical challenges is to use the right model and the appropriate, high-quality data.

Discover how our Impact Investing team navigates economic shifts and political uncertainty to help drive sustainable change. In our sixth annual Impact Report, we reveal our strategies, methodologies, and results in investing in low-carbon solutions and smart infrastructure.

Explore the fascinating parallels between biological intelligence and artificial neural networks. This article dives into how AI mimics the brain’s neuron structures to solve complex problems, revealing the power of neural networks and their potential to reshape our understanding of intelligence and decision-making.

The mining industry is entering a green supercycle, driven by demand for metals and minerals needed for decarbonization. Despite increased competition and deeper mining, technological advancements are boosting productivity and reducing emissions. This presents compelling long-term investment opportunities in this evolving industry.