Why now for global technology investing?

• Market leadership is becoming more dispersed, with technology stocks outside the US performing strongly. At the same time, recent corrections have seen the valuations of technology mega-caps come down, creating attractive entry points. • The AI investment narrative is no longer confined to a small group of mega‑cap stocks. A growing share of value creation is occurring deeper in the ecosystem, across infrastructure, data, software and sector‑specific applications. • We see a strong case for a diversified, actively managed, and benchmark-unconstrained approach that can navigate dispersion,...