Fast reading
- Artificial intelligence (AI) is advancing at an extraordinary pace. The last couple of years have seen growing excitement and discussion about the growth in deployment across sectors – from healthcare and logistics to finance and creative industries – fuelled by breakthroughs in generative models, wider enterprise adoption, and massive infrastructure build-outs. Today, nearly every company has, or is developing, an AI strategy.
- There is little doubt that advances in AI represent huge opportunities for society and, as a consequence, for investors too. However, there is equally little doubt that the breakneck pace of development is creating significant risks. During the first half of 2025 the Fund began to shift some exposure from Industrials and Consumer Discretionary to Information Technology, and in particular software. We have also developed, and will continue to refine over time, a proprietary Responsible AI Assessment Framework.
- We continue to believe that purposeful and constructive shareholder engagement plays a critical role in the toolkit of any investor. Through our dialogues with our holdings we have been able to glean new insights as well as encourage the adoption of practices and initiatives which are good for the company, as well as wider society.
Global SMID Equity Engagement H1 2025 report
For more information on Global SMID Equity Engagement
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