As AI-Bubble Fears Spread, a $35 Billion Fund Manager Positions for Inflows
Together, the so-called Magnificent Seven — Nvidia, Microsoft Corp., Apple Inc., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Tesla Inc. — account for almost 45% of the Nasdaq 100 Index.
Photographer: Angel Garcia/BloombergImpax Asset Management Group is positioned to benefit should concerns about an AI-driven bubble trigger a sudden shift away from Big Tech, its chief executive said.
The $35 billion money manager, which targets low-carbon, sustainable investment strategies from its base in London, is already “seeing signs that those benefits are coming through,” CEO Ian Simm said in an interview.