‘Mindful’ of AI exposure: wealth managers at Hong Kong summit urge balance in portfolios

Before tech stocks plummeted in the US overnight, executives at a private wealth conference in Hong Kong highlighted AI infrastructure as a versatile “defence plus growth” investment opportunity, while cautioning investors against portfolios that were overreliant on artificial intelligence. “Infrastructure opportunities now really lie at the bottleneck of solving [AI’s] demands within structural growth,” the head of managed investments and Hong Kong wealth solutions at Standard Chartered Bank,...