AI is driving markets, but investors are asking tougher questions about capital expenditure. In his latest piece for Professional Wealth Management , Tom Dalrymple, Gobal Equity Analyst of Aubrey Capital Management , explores the “capex conundrum”  facing hyperscalers like Microsoft, Alphabet, Meta, and Amazon. While cloud revenues and AI innovation continue to soar, the sheer scale of spending — projected to exceed $480bn in FY26  — is sparking debate about sustainability, f

MÁLAGA, 13 th November 2025, The Group of Boutique Asset Managers (GBAM), a global network of senior executives from boutique asset management firms, has identified a decisive shift among global investor appetite away from ESG badging and towards a broader “resilience investing” framework during its autumn meeting in Málaga, Spain. Earlier this month, senior leaders from MAPFRE AM, Azvalor, SKAGEN Funds, Pareto Asset Management, Aubrey Capital Management, Fisch Asset Manage

This article concludes that while U.S. stock market valuations are high, they are not yet at bubble levels. Strong fundamentals, especially in technology and AI-driven companies, justify much of the premium, though risks remain due to market concentration and speculative inflows. Read in full here: Is There A Bubble In The Stock Market Or Not?

India is highlighted as one of the best-managed large economies, with strong growth, low inflation, and promising sectoral opportunities. Read more here: Wachstumsmotor Indien | Intelligent Investors

The article explains that UK investors face a record-high tax burden following the 2025 Budget, but diversification, selective opportunities in equities and gilts, and a global outlook can help protect portfolios in this challenging environment. Read more here: How can UK investors navigate the higher tax landscape? - Professional Paraplanner

India’s stock market has been experiencing a surge in initial public offerings (IPOs), reflecting strong investor enthusiasm and confidence in the country’s economic growth. A wide range of companies—from tech startups to consumer-focused businesses—are rushing to list shares, aiming to capitalize on favorable market conditions and rising demand from both domestic and international investors. Read the full article below: Forget Nvidia or Alibaba Group Holding , for a moment.

The AMWatch piece focuses on ethics in asset management , highlighting how firms are increasingly under pressure to demonstrate integrity, transparency, and accountability in their operations. Read the full piece here

Autor: Funds Society, Madrid Los inversores globales abandonan el enfoque ESG tradicional y apuestan por la resiliencia y la seguridad económica El oro y los activos reales recuperan protagonismo como refugio ante la volatilidad financiera España se consolida como un mercado dinámico donde las gestoras boutique pueden prosperar El Group of Boutique Asset Managers (GBAM), red internacional de altos ejecutivos de firmas boutique de gestión de activos, ha identificado un cambio

The FT Adviser article argues that value investing is regaining relevance  as global uncertainty, inflation, and shifting monetary policies push investors to reconsider fundamentals over growth hype. Read the full article here: Is value investing making a comeback? - FTAdviser

From $100bn “strategic partnerships” to companies funding customers to buy their own products , Sean Peche questions the financial logic behind a wave of mega-AI announcements — and wonders whether the hype is outpacing the cash flow. Continue reading here AI Megadeals Are Booming — But Are They Built on Sand? | Advisorpedia