Jun 28, 2026 – 12.08pmLondon | Bubble-like valuations in artificial intelligence and other technology stocks have sent investors looking to spread risk into securitised credit and other fixed-income alternatives, according to one of Canada’s biggest asset managers, as it plots an expansion in Australia.Erich Gerth, chief executive of Royal Bank of Canada’s BlueBay Asset Management, and Camilla Love, head of its Australian operation, say the dominance of the magnificent seven tech giants in ETFs and other index-tracking equity funds is making it harder for money managers to create diversified portfolios as a shield against a market sell-off or broader economic downturn.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Here’s where Australian investors are looking to trim tech exposure
RBC’s BlueBay Asset Management is building its Australian business via securitised debt, emerging markets and other alternatives to AI-related stocks.
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