Sovereignty: The investment theme reshaping global markets

Janus Henderson portfolio manager Richard Clode examines how rising geopolitical fragmentation is turning sovereignty into a long-term investment theme across technology, infrastructure and supply chains.

• Governments and companies are prioritising resilience, localisation and control over critical infrastructure, including semiconductors, energy systems and AI capacity.
• National AI spending and regionalised supply chains are creating opportunities for companies supporting data centres, power, cooling and trusted technology infrastructure.
• Investors increasingly need to assess political, regulatory and security factors alongside traditional financial metrics.

Explore the full report to see how sovereignty could shape the next generation of global investment opportunities.