What if AI doesn’t work out?

26 February 2026 | Julian Howard

AI has been a dominant investment theme in 2025, but legitimate questions exist around take-up and pay-off. Even if AI doesn’t deliver the sweeping technological revolution many investors hope for, other strong themes exist which can provide market leadership.

How Asia is powering the AI era

16 February 2026 | Ygal Sebban | Rob Mumford

A year on from their positive note on Emerging Markets (EM) technology, “DeepSeek impact – an evolution, not a revolution”, the GAM Emerging Market Equity team continues to believe that further upside lies ahead. However, selectivity is already important, and becoming increasingly so.

A bit too precious?

02 February 2026 | Julian Howard

Precious metals’ surge was partly driven by the softer dollar, stubborn US inflation and hopes of fresh fiscal support. These factors haven’t gone away, despite the sudden correction over the last few days, suggesting the sell-off from a ‘crowded trade’ may tell us more about market structure and liquidity than the underlying macro story.

Davos 2026: Hard Truths, Hard Power

30 January 2026 | David Barker

Davos 2026: Reinforcing the Case for European Real Assets and Strategic Equities