Summary

• Disruption is accelerating across industries, driven by transformative technologies and geopolitical shifts, creating new innovators and market leaders.
• Capturing future winners requires a disciplined, research-driven thematic approach focused on sustainable earnings growth and fundamental analysis.
• Active, multi-themed strategies can identify emerging leaders and manage risk better than passive, benchmark-hugging approaches.
• Investors must reassess traditional defensiveness, as historical safe havens can be rapidly disrupted in today's environment.

By Lei Qiu

The evolving nature of disruption is creating new innovators and market leaders.

Transformative new technologies and geopolitical tensions have become powerful disruptive forces, redefining business models, global supply chains, and the economy. These seismic shifts are