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Top Trends and High Conviction Themes Q1 2026 - Building the Future: Navigating the Next Wave

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Top Trends and High Conviction Themes Q1 2026 - Building the Future: Navigating the Next Wave

by Willem Sels, Global CIO, HSBC Private Bank and Premier Wealth
Dec 15, 2025

When we heard who received this year’s Nobel Prize, we interpreted it as a stamp of approval for our investment themes. The three gentlemen who won the prize highlighted the role of innovation in creating economic growth. One emphasised technological progress and the accumulation of useful knowledge, while the others formalised the concept of ‘creative destruction’.

We hope that our overview of themes can help you invest across borders and sectors. But we also want to highlight one of the pitfalls of thematic investing, which is that they typically are very tech focused and often have some overlap. It is therefore best to size investments appropriately and consider the risk of the portfolio in its entirety.

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