2025 年夏季主题投资_热门主题-This Summer in Thematics (2025)_ Themes in Bloom

Summary of Thematic Investing Research Industry Overview - The thematic investing landscape is evolving with a focus on various emerging themes such as AI, critical raw materials, and healthcare innovations. The report highlights the importance of understanding these themes for potential investment opportunities. Key Themes and Insights 1. Thematic Fund Performance - Global thematic assets under management (AUM) reached $659 billion, reflecting a 15% quarter-over-quarter increase in Q2 2025 [17] - Positive returns were observed across various sectors, including a 30% increase in Society & Culture funds and a 17% increase in Tech & Financials funds [17] 2. Powering AI - Microsoft reported a 27% year-over-year increase in electricity demand for FY2024, transitioning to liquid cooling systems [25] - Google also experienced a 27% increase in electricity use, indicating a broader trend among hyperscalers [30] - Evidence of strong AI inference demand growth was noted, with Microsoft and Google processing 100+ trillion and 480 trillion tokens monthly, respectively, marking significant increases [33] 3. Critical Raw Materials (CRM) - Demand for critical minerals is driven by geopolitical factors and the need for resource resilience, with a focus on domestic production strategies in Europe and the US [37] - The report outlines three strategies to strengthen CRM supply chains: substitution, domestic production support, and recycling initiatives [37] 4. AI in Healthcare - The integration of AI in healthcare is seen as a key growth area, with opportunities in drug development and medical devices [43] - Regulatory support and data integration challenges are identified as critical factors influencing the pace of AI adoption in healthcare [43] 5. PFAS Solutions - There is growing investor interest in PFAS mitigation solutions, with over 60 companies identified as providing relevant technologies [47] - The report emphasizes the global nature of PFAS regulation and the potential for multi-year growth in this sector [50] 6. Next-Gen Materials - The report discusses the potential of next-gen materials to drive innovation, particularly in response to regulatory pressures for sustainable alternatives [57] - A landscape of approximately 60 listed companies involved in the production of next-gen materials is provided [59] Additional Insights - Investor feedback indicates a strong preference for themes related to national security, resource efficiency, and defense technology, reflecting a shift in capital allocation towards resilience and self-sufficiency [11] - Thematic purity among public companies is limited, as many offer PFAS solutions as part of a broader portfolio, complicating investment decisions [47] Conclusion - The thematic investing landscape is characterized by significant growth and evolving investor interests across various sectors. Key themes such as AI, critical raw materials, and healthcare innovations present substantial opportunities for investors looking to capitalize on emerging trends.