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How will AI transform the workforce?

Judy Wade, Managing Director and Head of Strategy Execution & Relationship Management at CPP Investments, discusses the impact of artificial intelligence on human capital at the Milken Institute Global Conference 2024.

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2024 CEO Letter

As we celebrate the 25th anniversary of CPP Investments, we reflect with pride on the journey that began with a clear mission: to manage the

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AI-First: Daphne Koller’s plan to revolutionize drug discovery

AI pioneer and insitro CEO Daphne Koller is betting it will—at the very least—supercharge the hunt for new drugs.

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Earnings to test post-pandemic market rally

With valuations to future earnings stretched, a strong showing will be needed to keep the rally going.

{:en} The FANGs. The FAANGs. The Magnificent 7. American tech stocks have all but dominated headlines over the last year—with each new group generating a fresh buzz-worthy name. The latest classification of highfliers? The Fab Four—Nvidia, Amazon, Meta, Microsoft.   As we look to the next fiscal year, it’s worth taking a step back to compare performance against the hype. Stocks closed the first quarter of 2024 near all-time highs across developed markets, with the S&P 500 trading over 5200. While the popular narrative points to AI-driven stocks alone powering this performance, a closer look dispels that notion. The S&P 500 is market cap weighted—which means it puts more emphasis on the biggest names. The SPW index also tracks the constituents of S&P 500, but with equal weights. Viewed this way, the rally in stocks that followed pandemic lows relied not just on the darlings of the tech sector but on the whole market. Indeed, all sectors participated in it at one time or another.  Now,​ with valuations to future earnings stretched—the SPX 2024 Year-End – Forward PE is trading at 21.7—what will it take to keep the rally going? As investors seek new reasons to keep buying, all eyes will undoubtedly turn to earnings—and whether corporate profit growth can justify current market pricing. So far things are looking good: most U.S. companies have now reported first-quarter results, which show profit growth picking up.  —Varun Sharma, Managing Director, Exposure Management, Total Fund Management  Thanks for subscribing to CPP Investments Sign up for our latest news, insights, reports and other information about CPP Investments Email address * Please enter valid email id Job title Select Job Title Associate Analyst Consultant advisor Manager/supervisor Government official/regulator General manager/director Board director Chairman/board member VP/SVP/EVP President Partner/Owner/Entrepreneur Parent/guardian C-level other Chief Human Resources Officer Chief Marketing Officer Chief Financial Officer Chief Sustainability Officer Chief Digital Officer Chief Technology Officer Chief Operating Officer Educator/professor Student Editor/reporter Other Organization How did you hear about CPP Investments? Select Source CPP Investments alumni CPP Investments employee or board member CPP Investments portfolio company Online search (e.g. Google) Social media Other What news would you like to receive? * News and updates from CPP Investments Latest news from the Insights Institute Consent * By checking here, you are subscribing to receive our newsletters and other similar types of insights and reports by email, and permit CPP Investments to use cookies and similar technologies to analyze your interactions with our emails. Unsubscribe at any time by clicking the link in the newsletter’s footer. Visit our Privacy Policy for more information. Questions or concerns? Contact us. An error has occurred. Please try again later. Next Subscribe Thanks for subscribing to CPP Investments Sign up for our latest news, insights, reports and other information about CPP Investments Email address * Please enter valid email id Job title Select Job Title Associate Analyst Consultant advisor Manager/supervisor Government official/regulator General manager/director Board director Chairman/board member VP/SVP/EVP President Partner/Owner/Entrepreneur Parent/guardian C-level other Chief Human Resources Officer Chief Marketing Officer Chief Financial Officer Chief Sustainability Officer Chief Digital Officer Chief Technology Officer Chief Operating Officer Educator/professor Student Editor/reporter Other Organization How did you hear about CPP Investments? Select Source CPP Investments alumni CPP Investments employee or board member CPP Investments portfolio company Online search (e.g. Google) Social media Other What news would you like to receive? * News and updates from CPP Investments Latest news from the Insights Institute Consent * By checking here, you are subscribing to receive our newsletters and other similar types of insights and reports by email, and permit CPP Investments to use cookies and similar technologies to analyze your interactions with our emails. Unsubscribe at any time by clicking the link in the newsletter’s footer. Visit our Privacy Policy for more information. Questions or concerns? Contact us. Please fill in required fields An error has occurred. Please try again later. ShareTweetShare Institute Dialogue: Priti Singh and Diana Scott CPP Investments’ Senior Managing Director and Global Head of Capital Markets & Factor Investing discusses the current discourse around Video April 5, 2024 The Factor Lens Investors are used to walking a tightrope of risk. But the current landscape of heightened geopolitical conflict, climate change and Article March 27, 2024 Younger women are closing the gender gap in managerial roles in the U.S. In the U.S., women in the early stages of their careers account for a larger share of managerial roles than ever before. Article March 8, 2024 {:}{:fr} Les groupes FANG et FAANG ainsi que les Sept Magnifiques. Les titres technologiques américains ont tous dominé à leur tour les manchettes dans la dernière année, chaque nouveau groupe prenant le devant de la scène sous une nouvelle appellation. Le tout dernier groupe de meneurs de marché qui a vu le jour se prénomme les « quatre fantastiques »; il s’agit de Nvidia, d’Amazon, de Meta et de Microsoft. En ce qui concerne le prochain exercice, il y a lieu de prendre du recul pour évaluer si le rendement sera à la hauteur, au vu de l’engouement que suscitent les titres défrayant la chronique. Les actions ont clôturé le premier trimestre de 2024 près de leurs sommets historiques dans les marchés développés, alors que l’indice S&P 500 a franchi le cap des 5 200 points. Même si, selon l’opinion populaire, ce sont seulement les actions axées sur l’intelligence artificielle qui sont à l’origine de ce rendement, un examen plus attentif permet d’écarter cette idée. L’indice S&P 500 est pondéré en fonction de la capitalisation boursière, et l’accent est donc mis sur les titres les plus importants. L’indice SPW suit également les composantes de l’indice S&P 500, mais ces dernières affichent des pondérations égales. De ce point de vue, la remontée des actions qui a suivi les creux attribuables à la pandémie a été le fait non seulement des titres les plus prisés du secteur des technologies, mais aussi de l’ensemble du marché. En effet, tous les secteurs ont participé à ce redressement à un moment ou à un autre. Maintenant que les évaluations en regard des bénéfices futurs sont élevées – le ratio cours/bénéfice prévisionnel du SPX est de 21,7 pour 2024 – que faudra-t-il pour que la remontée se poursuive? À mesure que les investisseurs chercheront de nouvelles raisons de continuer à acheter, toute l’attention sera sans aucun doute portée sur les bénéfices – et la question de savoir si la croissance des bénéfices des sociétés peut justifier les prix actuels du marché. Tout va bien pour l’instant, alors que la plupart des sociétés américaines ont publié leurs résultats pour le premier trimestre, qui montrent une reprise de la croissance des bénéfices. – Varun Sharma, directeur général, Gestion de l’exposition, Gestion de fonds globale Thanks for subscribing to CPP Investments Sign up for our latest news, insights, reports and other information about CPP Investments Email address * Please enter valid email id Job title Select Job Title Associate Analyst Consultant advisor Manager/supervisor Government official/regulator General manager/director Board director Chairman/board member VP/SVP/EVP President Partner/Owner/Entrepreneur Parent/guardian C-level other Chief Human Resources Officer Chief Marketing Officer Chief Financial Officer Chief Sustainability Officer Chief Digital Officer Chief Technology Officer Chief Operating Officer Educator/professor Student Editor/reporter Other Organization How did you hear about CPP Investments? Select Source CPP Investments alumni CPP Investments employee or board member CPP Investments portfolio company Online search (e.g. Google) Social media Other What news would you like to receive? * News and updates from CPP Investments Latest news from the Insights Institute Consent * By checking here, you are subscribing to receive our newsletters and other similar types of insights and reports by email, and permit CPP Investments to use cookies and similar technologies to analyze your interactions with our emails. Unsubscribe at any time by clicking the link in the newsletter’s footer. Visit our Privacy Policy for more information. Questions or concerns? Contact us. An error has occurred. Please try again later. Next Subscribe Thanks for subscribing to CPP Investments Sign up for our latest news, insights, reports and other information about CPP Investments Email address * Please enter valid email id Job title Select Job Title Associate Analyst Consultant advisor Manager/supervisor Government official/regulator General manager/director Board director Chairman/board member VP/SVP/EVP President Partner/Owner/Entrepreneur Parent/guardian C-level other Chief Human Resources Officer Chief Marketing Officer Chief Financial Officer Chief Sustainability Officer Chief Digital Officer Chief Technology Officer Chief Operating Officer Educator/professor Student Editor/reporter Other Organization How did you hear about CPP Investments? Select Source CPP Investments alumni CPP Investments employee or board member CPP Investments portfolio company Online search (e.g. Google) Social media Other What news would you like to receive? * News and updates from CPP Investments Latest news from the Insights Institute Consent * By checking here, you are subscribing to receive our newsletters and other similar types of insights and reports by email, and permit CPP Investments to use cookies and similar technologies to analyze your interactions with our emails. Unsubscribe at any time by clicking the link in the newsletter’s footer. Visit our Privacy Policy for more information. Questions or concerns? Contact us. Please fill in required fields An error has occurred. Please try again later. ShareTweetShare Institute Dialogue: Priti Singh and Diana Scott CPP Investments’ Senior Managing Director and Global Head of Capital Markets & Factor Investing discusses the current discourse around Video April 5, 2024 The Factor Lens Investors are used to walking a tightrope of risk. But the current landscape of heightened geopolitical conflict, climate change and Article March 27, 2024 Younger women are closing the gender gap in managerial roles in the U.S. In the U.S., women in the early stages of their careers account for a larger share of managerial roles than ever before. Article March 8, 2024 {:}
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