Xavier Ligot

Luca Paolini, Chief Strategist at Pictet Asset Management, said in a recent interview with us that before October last year, nearly all AI-related tech stocks were rising—at different speeds, but in the same direction. There was a period when the AI trade lifted everything, and investors bought into almost any company with an AI angle, regardless of the business's actual operations. Now the market is growing more discerning. Paolini noted that chipmakers are booming, AI stocks linked to Google are performing well, while those tied to OpenAI are showing some strain. The market now appears to be trying to pick winners and losers. This means that a basket of AI stocks will no longer perform as well as before, and we will see fewer broad-based gains. Investors are shifting their focus from "how much growth" to "how growth is achieved." For example, companies like Oracle, which have taken on heavy debt loads, have been "punished" by the market. Read: https://lnkd.in/grRJ7XkU

UBP - Union Bancaire Privée (UBP) has announced the launch of its first fund under Singapore’s Variable Capital Company (VCC) framework, according to a Wednesday announcement. The newly launched VCC fund is designed as an umbrella structure, allowing multiple sub-funds, each with its own distinct portfolio and investment strategy, to operate under a single entity. This provides a highly flexible and efficient vehicle for organising and managing assets. Read the full article: https://lnkd.in/g4WxNU8J

Straits Trading Launches ‘The Silver Movement’ Senior-Living Programme in Singapore and Malaysia Mainboard-listed The Straits Trading Company has launched a new pilot programme for senior living, marking a key step in its expansion into what it calls a fast-growing sector. The initiative, named The Silver Movement, was unveiled on Tuesday and will initially roll out in Singapore and Malaysia. The Silver Movement is set up as an operating company that manages assets, properties, facilities, and daily operations for senior living. It will also use an artificial intelligence-assisted mobile application designed to support independent living and help seniors manage their lifestyle needs more easily. Read More: https://lnkd.in/drw4Abw3 #SingaporeReviewMagazine #seniorliving #silvereconomy #agingpopulation #healthtech #aiforseniors #independentliving #smarthealth #eldercare #wellaging #digitalhealth #proptech #careinnovation #singaporebusiness #malaysiabusiness #futureofcare