October 2026 Portfolio Construction
The October 2026 Portfolio Construction note, “The AI Investment Cycle Is Rewriting the Market Playbook,” examines how artificial intelligence is changing the relationship between interest rates, economic cycles, and equity markets. CI Global Asset Management’s Alfred Lam, CFA, discusses why AI investment may help explain market performance that traditional economic indicators do not fully capture.
Lam also considers the uncertainty that comes with rapid AI innovation, including risks related to regulation, cybersecurity, infrastructure, and competition. He highlights diversification and preparing portfolios for a wider range of outcomes as investors navigate this changing landscape.
To read the full commentary, download the PDF below.