Software sell-off: Singapore’s private wealth gets more discerning on AI-era technology exposure
Family offices and allocators are pivoting away from generic softwares towards deep data moats and structural resilience
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[SINGAPORE] Driven by the rapid evolution of generative artificial intelligence, Asia family offices and high-net-worth allocators are actively re-evaluating their underlying software exposure in public and private markets.
This is amid growing concerns that traditional software-as-a-service (SaaS) models are losing their structural moats.
Market volatility has underscored these anxieties, highlighted by the iShares Software ETF plummeting 30 per cent – a decline recorded over just a few weeks – on fears of AI displacement before staging an uneven 40 per cent rebound, though that has since tapered.
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