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Bullish on AI? Don't buy US tech: Vanguard

BY ELIZA BAVIN | FRIDAY, 13 FEB 2026 11:48AM

Vanguard global chief economist Joe Davis said if investors want to win big on artificial intelligence, the Magnificent Seven is not the way to go.

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Read more: AI, Vanguard, Joe Davis, Federal Reserve, Magnificent Seven

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Editor's Choice

AMP, CFS and Vision Super get the Epic Retirement Tick

RIDDHIMA TALWANI | 12:18PM

Three super funds, AMP Super, CFS FirstChoice and Vision Super, have joined the line-up of funds that have received the Epic Retirement Tick from Chant West and the Epic Retirement Institute.

Another C-suite member leaves Rest

MATTHEW WAI | 11:38AM

The super fund has seen another C-suite executive depart this week, following the chief financial officer's exit in August.

Brookfield AM managing partner calls time

MATTHEW WAI | 11:33AM

A Brookfield Asset Management managing partner, who at one point led the Australian private equity business, has wrapped up his 13-year tenure at the firm.

MLC Super cuts admin, investment fees

VINNY VUCAGO | 12:03PM

MLC Super will cut administration and investment fees for members from October 1, with 511,000 members set to benefit from lower costs across its superannuation options.

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