Saftar Sarwar

As we look ahead to the final quarter of 2025, the investment landscape continues to present both opportunities and challenges. At Binary Capital, our long-term, high-conviction approach remains always as our first principles approach. We believe that by focusing on fundamentally sound investments and maintaining a global perspective, we can navigate the current investment markets and deliver sustained returns for clients.

Our outlook for the next three months is particularly focused on growth markets, where we maintain exposure here but somewhat cautious in the short-term. The technology sector, a consistent engine of innovation and disruption, remains a key area of interest. Despite some volatility, we believe that companies with strong fundamentals and exposure to secular growth trends, such as artificial intelligence and cloud computing, are well-positioned for long-term success. The key here being long-term.

Within the technology sector, our conviction lies in several key sub-sectors. Artificial intelligence (AI) continues to be a transformative force, with advancements in machine learning and generative AI creating new innovation within many industries.

Emerging markets also present a compelling investment case. While acknowledging the inherent risks, we see attractive valuations and a favourable growth differential compared to developed markets. The resilience of emerging market economies, coupled with the potential for faster monetary policy easing, creates a supportive environment for equity investors. We are particularly optimistic about opportunities in Asia. Our optimism for emerging markets is rooted in their demographic advantages, growing middle classes, and increasing technological adoption. While China's growth trajectory is moderating, other regions are stepping up.

In line with our investment philosophy, we will continue to seek out the best investment ideas and strategies worldwide. Our portfolios are constructed with a focus on diversification across asset classes, regions, and investment styles. We are not swayed by short-term market noise and remain committed to always, in a narrow manner, to our best ideas.

Whilst we remain cautious in the coming months. We are optimistic investors and see longer-term the upside possibilities in markets more than we do on the downside.

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