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While investors debate whether the AI boom is once-in-a-generation opportunity or a bubble, this month’s Green Line looked into another important AI theme: competition. US firms capture the headlines, but Chinese technology is quietly catching up, with a regulatory thaw, innovation in homegrown chips, and breakthroughs like DeepSeek R-1 fuelling momentum. After years of trailing the Nasdaq, our chart shows that Chinese tech stocks are showing signs of life. We explain why China tech offers diversified exposure to AI at attractive valuations.

The overlooked UK bull case? With everyone focused on the weakness of the UK’s public finances, it’s easy to be negative on the outlook for the economy. But private sector balance sheets tell a very different story – one of considerable strength. New borrowing has been so low since 2008 that economic growth has outpaced growth in debt. As a consequence, household and business debt relative to GDP has fallen by 50 percentage points. With rate cuts now under way, we see scope for borrowing – and growth – to pick up from here, particularly if bank regulations are eased. #TheGreenLine #FinancialInsights #MarketAnalysis

We are always on the hunt for instruments which offer effective – and cost-effective – portfolio protection. Recently, the usual ‘safe haven’ assets have failed to offset equities and other risk assets during episodes of market volatility. In this month’s Green Line, we look at why investments that gain exposure to credit spreads can be a useful complement to equity market protections. #TheGreenLine #FinancialInsights #MarketAnalysis

They say a picture paints a thousand words. But what about a chart? Once a month, Ruffer's Green Line shines a light on the shadowy parts of financial markets. By bringing data into the discourse, we reveal the hidden spots which could present obstacles or opportunities for investors. Join our mailing list for a monthly dose of financial clarity. #TheGreenLine #FinancialInsights #MarketAnalysis

What use is experience working as an opera singer to a fund manager? More than you might think. Fiona Ker reflects on how her unconventional career path taught her discipline, resilience and agility – qualities that are just as critical navigating the markets as they are performing operatic roles. This background makes her a strong fit for a contrarian manager with a focus on fundamental value.

Today, the cult of equity ownership holds sway over investors. But it wasn’t always thus. Fund manager Ian Rees explains what equities are and why they are so popular – not least the fact that, over more than a century, they have provided far higher returns than any other accessible asset class. But that benign long-term picture should not lull investors into ignoring the risks at any given starting point. Pay close attention to valuation, or risk a lost decade of returns.