DeepSeek’s R1 model—released last week—and the launch of the company’s mobile application—which is currently #1 in the US iOS App Store—has put investment theories about Artificial Intelligence companies under the spotlight, causing a Monday of epic falls on Wall Street. Nvidia saw its stock plunge 17%, losing USD 589 billion in market value—the largest daily loss in the history of the American market.

The landscape of equity markets is undergoing profound changes, offering a historic opportunity for active investors. In a market increasingly dominated by passive investment strategies and marked by heightened volatility, active management has become an essential tool for addressing these dynamics. Recent trends underscore this shift, with a record number of stocks experiencing substantial price swings around earnings releases. This environment presents plenty of opportunities for long-term, fundamentally driven investors to achieve superior performance.

Over the past few years, investing in China has become a challenging undertaking. The MSCI China index has plummeted over 50% from its 2021 peak to recent lows, leaving investors wary and questioning the future of the world's second-largest economy.