The Friction Test: What the market gets wrong about AI disruption

It has been a difficult period for the fund. At the time of writing, a number of our holdings are being challenged by an increasingly narrow view of where durable value creation will sit in an artificial intelligence (AI)-driven world.

30 April, 2026
8 mins

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FSSA Investment Managers are specialists in Asia and Global Emerging Markets. With our conservative, long-term investment approach, we seek to invest in quality companies, focusing on capital preservation as well as long-term capital growth.

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