Meta’s plans to spend billions on AI unsettle investors

By iitdev | 25 April 2024

Meta’s plans to spend billions of dollars on artificial intelligence has been met with investor scepticism despite higher earnings at the Facebook and Instagram operator. Meta chief executive Mark Zuckerberg used a first quarter financial update to flag a $US3 billion ($4.6 billion) increase in spending on AI, adding the company was well-placed to become…

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Top fundies list reveals turnaround for ESG, mid-cap investors

By iitdev | 22 April 2024

Investors who identified the increased power intensity of data centres in an AI-enabled world claimed the best returns last quarter by capitalising on one of the biggest themes shaping the sharemarket in 2024: decarbonising technology. Returns for small-cap and environmentally conscious investment funds outpaced many of their peers in the first three months of the…

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Are investors underestimating ‘profound structural change’

By iitdev | 1 June 2023

AI revolution is no bubble, insists CIO ‍ People are massively underestimating what’s happening with high performance computing and the artificial intelligence (AI) revolution that’s driving the stock market, says Nick Griffin, founding partner and chief investment officer of Munro Partners. “It’s not a bubble, it is a profound structural change,” he said at a…

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CI unveils new equity funds and ETFs

By iitdev | 14 July 2021

Firm expands toolbox with access to global climate leaders, and growth-oriented alternative exposure to North American companies ‍CI Global Asset Management (CI GAM) has introduced more options for Canadian investors looking to capitalize on ESG and high-growth opportunities with the launch of two new equity mandates, both of which are available as mutual funds and…

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CI Global Asset Management Announces Launch of CI Global Climate Leaders and CI Alternative North American Opportunities

By iitdev | 13 July 2021

New North American equity mandate builds on CI’s leadership in liquid alternatives category TORONTO–(BUSINESS WIRE)–CI Global Asset Management (“CI GAM”) today announced the launch of two new equity mandates – CI Global Climate Leaders Fund, which focuses on firms leading the global campaign against climate change, and CI Alternative North American Opportunities Fund, which uses…

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