A top-performing fund manager from Pin Hao is betting that the next winners of the artificial intelligence AI boom will not appear in crowded large US tech companies and switch to Asian equipment suppliers, Chinese finance, and healthcare stocks. Emmanuel Sharef, who is responsible for managing Pimco's flagship 60/40 strategic balance income and growth fund, said that as spending in the AI sector soars, the debt burden of many large US technology companies has increased, and profit prospects are uncertain, and their appeal has declined. According to the data, the asset size of this fund is nearly 19 billion US dollars, and its performance in the past three years is superior to 97% of similar funds. “Currently, we are under-allocating most hyperscale data center operators and also under-allocating most of the seven major technology stocks, mainly because they are overvalued.” “You don't necessarily need to hold the most expensive stocks to grasp a topic or market trend,” Sharef said in Singapore earlier this week.

A top-performing fund manager from Pinhao is betting that the next winners of the artificial intelligence AI boom will not appear in crowded large US tech companies and switch to Asian equipment suppliers, Chinese finance, and healthcare stocks. Emmanuel Sharef, who is responsible for managing Pimco's flagship 60/40 strategic balance income and growth fund, said that as spending in the AI sector soars, the debt burden of many large US technology companies has increased, and profit prospects are uncertain, and their appeal has declined. According to the data, the asset size of this fund is nearly 19 billion US dollars, and its performance in the past three years is superior to 97% of similar funds. “Currently, we are under-allocating most hyperscale data center operators and also under-allocating most of the seven major technology stocks, mainly because they are overvalued.” “You don't necessarily need to hold the most expensive stocks to grasp a topic or market trend,” Sharef said in Singapore earlier this week.