Asset allocation has become much tougher as the unwinding of the AI trade and rising interest rates ripple through equities and fixed income, breaking down traditional market correlations. With bonds struggling to fulfill their historical role as a portfolio safety net, investors are looking beyond conventional strategies to find true diversification.

Adam Watson, Head of Asia Pacific at Partners Capital, and Dominik Burckgard, Head of Hong Kong, join host John Lee on the Asia Centric podcast. Representing an outsourced CIO firm with more than $85 billion in assets under management, they unpack their rigorous process for selecting top-tier fund managers. The pair also discuss the role Asia plays in portfolios and the opportunities presented by smaller, specialized managers.

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The mining industry is undergoing a structural transformation. Copper has overtaken iron ore as the world's most sought-after commodity, driven by electrification, the energy transition and AI data center demand. Meanwhile, traditional commodity markets are facing a shifting landscape as China's steel consumption pivots away from a slumping property market toward advanced manufacturing.

Vandita Pant, Chief Financial Officer of BHP, joins John Lee and Bloomberg Intelligence senior analyst Alon Olsha on the Asia Centric podcast. Pant unpacks the compelling economics of organic growth versus M&A and the structural bull case for India's massive infrastructure runway. She also discusses her career journey from banking to becoming the CFO of the world's largest mining company.

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China's share of global exports continues to rise despite US import restrictions. Rather than pulling back, the country is evolving from a "Made in China" to a "Made by China" model, supplying critical capital goods and high-value components to emerging markets such as Vietnam, Mexico and India. And after dominating the electric vehicle supply chain, China is now aggressively targeting humanoids and robotics as its next frontier.

Chetan Ahya, Chief Asia Economist at Morgan Stanley, joins host John Lee on the Asia Centric podcast to break down the five distinct factors driving this industrial strategy. He also discusses how policymakers have been effective in anticipating global demand trends, but also the investor risks tied to manufacturing overcapacity.

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