00:00:00,367 –> 00:00:04,237
Big themes are driving markets, and investors are paying attention.
00:00:04,237 –> 00:00:08,208
Over the past decade, U.S. thematic funds have grown more than eleven times.
00:00:08,575 –> 00:00:14,414
That’s as a result of investors increasingly looking to capture the long-term trends that are shaping the global economy.
00:00:14,647 –> 00:00:22,489
Our 2026 Thematic Outlook explores the forces that we believe will matter most in the years ahead and offers potential ways for investors to take action.
00:00:22,756 –> 00:00:24,190
Let’s start with AI.
00:00:24,190 –> 00:00:32,432
It’s entering its next growth phase, moving beyond just basic chat prompts into more complex tasks, requiring dramatically more computing power.
00:00:32,432 –> 00:00:42,909
And that surge in demand is driving investment across data centers, energy and digital infrastructure with the potential economic benefits now materializing in company earnings beyond just the AI mega scalers.
00:00:42,909 –> 00:00:44,677
Next, defense.
00:00:44,677 –> 00:00:52,218
As global tensions continue to rise, defense is evolving—with traditional defense shifting towards space, automation, and advanced technology.
00:00:52,986 –> 00:00:54,220
And then there’s infrastructure.
00:00:54,220 –> 00:01:03,963
From power grids to the energy exports and from transportation to water & agriculture, infrastructure is the global backbone that supports our day-to-day lives, and is propelling the AI revolution.
00:01:04,197 –> 00:01:06,166
And finally, tokenization.
00:01:06,166 –> 00:01:12,105
New digital pathways are emerging, opening the doors to invest in assets in entirely new ways.
00:01:12,105 –> 00:01:17,377
Together, these themes may create compelling growth opportunities for the forward-looking investor.
00:01:17,377 –> 00:01:20,246
Explore our 2026 Outlook to get started.
