EP.03 - From Silver Tsunami to Silicon Surge: Global Trends in 2025

In this third episode of Innovation Conviction, John Gross is joined by Nels Wangensteen and Ingrid Yin, co-founders and portfolio managers at MayTech Global Investments, to explore key developments shaping their global growth strategy. The team reviews standout performance from 2024, the continued dominance of AI, and how themes like Globalization 2.0 and the “silver tsunami” are influencing portfolio positioning in 2025.

They offer grounded insights into valuation concerns, regional opportunities beyond the U.S., and sector strengths in healthcare and technology. Tune in for a deep analysis of what’s driving returns—and resilience—in global growth investing today. 

_______________________________________________________________

 (00:00:52) Introduction of hosts and background on MayTech Global Investments

(00:01:54) Overview of the firm's long-term, high-conviction investment approach

(00:03:07) 2024 performance review and market context

(00:03:43) Continued earnings-driven growth and dominant investment themes

(00:04:36) Emphasis on fundamentals over market noise

(00:05:41) Key contributors within the technology sector

(00:06:47) Regional performance, with focus on India and Latin America

(00:07:20) Globalization 2.0 and shifts in global supply chains

(00:09:06) Addressing valuation concerns amid strong returns

(00:10:42) Nvidia's growth story and valuation context

(00:12:11) AI volatility and DeepSeek's impact on market sentiment

(00:13:56) Growth of domain-specific models and GPU demand

(00:15:04) Competitive positioning of Nvidia and the broader AI landscape

(00:16:22) Healthcare sector rebound and drivers of stock performance

(00:18:27) Innovations in healthcare: robotics and preventative medicine

(00:19:23) Demographic shifts and the "silver tsunami" in healthcare

(00:20:14) U.S. tariffs and their potential effects on global trade and the portfolio

(00:22:08) Portfolio resilience and pricing power in response to policy changes

(00:23:04) Long-term secular trends continuing despite geopolitical uncertainty

Links:  

John Gross on LinkedIn: https://www.linkedin.com/in/john-gross-cfa-caia-6b54788 

Nels Wangensteen on LinkedIn: https://www.linkedin.com/in/nelswangensteen 

MayTech Global Investments: https://www.maytechglobal.com/ 

 

DISCLAIMERS

MayTech is a registered investment adviser. Registration of an investment adviser does not imply a certain level of skill or training.

The opinions expressed herein represent the views of MayTech’s management (or investment professionals) based on market conditions as of the date of this video and may change at any time without notice. We assume no obligation to provide an update to this video. Recipients are advised not to infer or assume that any securities, strategies, companies, sectors or markets described will be profitable or that losses will not occur. It should not be assumed that recommendations made herein or in the future will be profitable. The discussion in this podcast includes references to information from third party sources believed to be reliable; however, we make no representation as to its accuracy or completeness.

For more information about MayTech you may visit the SEC’s Advisor Information website at https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=887879

Or contact us at [e-mail].