Is your "diversified" portfolio actually an AI trade in disguise? скачать в хорошем качестве

Is your "diversified" portfolio actually an AI trade in disguise?

Niall O'Sullivan joined CNBC to discuss a critical risk in private credit: lenders are often as exposed to AI disruption as equity investors. While the market focuses on AI winners, many private credit portfolios are tied to incumbents whose business models face significant displacement. In these trades, you can potentially receive a fixed return if things go well, but may face the full downside if a company’s cash flow collapses. This issue is heightened by what we call “stealth concentration” where investors think they are diversified because they hold different asset classes, like infrastructure or private debt. In reality, many of those assets are now tied to the same AI-driven cash flows. https://www.mercer.com/insights/inves... #AI #Investing #Markets #privatecredit