Asia should benefit from structural weakness of US dollar as well.

as overall transformative technology we don't think AI is a bubble... to unlock AI's revolutionary productivity potential we still have a long way to go. The view is fundamentally bullish on the AI-driven transformation, which underpins the NDX, but cautions about froth in the 'Magnificent Seven' conduit, advocating for diversification within the theme.

at a longer end of the curve, the fiscal concerns remains very pertinent. And we have a curve steepening trade as one of our focal point for as allocation this year.