- AI is drawing attention to emerging markets, but the opportunity is broader than one crowded theme
- Baillie Gifford's Emerging Markets Team backs AI beneficiaries such as TSMC, Samsung and SK Hynix with conviction, while testing each case against facts on the ground
- Beyond AI hardware, emerging markets still offer multiple ways for client portfolios to compound over time
For us, rising index concentration in AI hardware names largely means two key things:
- As owners of these index giants, we must have a differentiated view from the market on each of them and where their future earnings power may still be mispriced; and
- We must ensure that the portfolio is not a one way bet on AI, with other exposures that can compound for different reasons.
Click "Visit" to read the full article.