The risk territory has moved

UBS Asset Management’s Barry Gill, Sonja Laud and investment specialists examine how AI diffusion is transforming portfolio construction, markets and capital allocation.

• AI creates hidden correlations across equities, credit and infrastructure, making traditional diversification and historical risk models less reliable.
• Massive investment in compute, power and data centres is expanding opportunities while increasing leverage, financing complexity and resource constraints.
• Durable returns may depend less on technological leadership than on successful adoption, adaptable business models and disciplined valuation.

Explore the full report to understand where AI disruption may create the strongest risks and opportunities.