Willem Sels, global chief investment officer at HSBC Private Bank and Premier Wealth, notes that artificial intelligence is shifting from a mere novelty to a tangible revenue driver. This transition, paired with aggressive investments in infrastructure and cybersecurity, underpins the bank’s constructive stance on global equities. The firm is actively widening its scope, moving capital into financials, industrials, and materials as productivity gains from AI begin to permeate traditional sectors.
Portfolio stability remains a core focus, with the bank advocating for a mix of quality bonds and alternative assets to hedge against persistent volatility. Asia continues to serve as a primary growth engine. Desmond Kuang, chief investment officer for Asia, highlights that the region’s dominance in semiconductors and advanced manufacturing makes it essential for capturing the next phase of the global tech supply chain. Alongside HSBC, institutional players like Baillie Gifford and Franklin Templeton share this bullish outlook on tech-driven emerging markets, where a significant portion of the growth is concentrated in Asian hubs like Singapore, Japan, and South Korea.
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