Article: Halo trade reshapes Wall Street portfolios. Is China set to lead the heavy-asset era? | Meridiano

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Article: Halo trade reshapes Wall Street portfolios. Is China set to lead the heavy-asset era?

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5 / 10

AI Summary (Processed Content)

A new investment strategy called "Halo" (heavy assets, low obsolescence) is gaining momentum on Wall Street. Investors are rotating from tech stocks into companies with substantial physical assets, driven by fears over AI disruption, geopolitical tensions, and inflation.

The strategy focuses on firms owning large, hard-to-replicate infrastructure or resources with stable business models less vulnerable to technological change. The theme was recently coined by an investment CEO and later amplified in a report by Goldman Sachs.

Main topics: The rise of the "Halo" investment theme, the shift from tech to heavy-asset stocks, and the driving factors including AI, geopolitics, and inflation.

Original URL

https://www.scmp.com/business/china-business/article/3346161/halo-trade-reshapes-wall-street-portfolios-china-set-lead-heavy-asset-era?utm_source=rss_feed

Source Feed

Tech - South China Morning Post

Published Date

2026-03-11 03:00

Fetched Date

2026-03-11 00:30

Processed Date

2026-03-11 00:31

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Present

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Not Clustered

Raw Extracted Content

Halo trade reshapes Wall Street portfolios. Is China set to lead the heavy-asset era?
The investment strategy gains momentum as AI spending, geopolitics and inflation boost demand for firms with heavy assets, low obsolescence
Halo, short for heavy assets, low obsolescence, has emerged as a major Wall Street theme in recent weeks. Investors are rotating from tech stocks to companies with real physical assets amid fears over artificial intelligence, geopolitical tensions and rising prices of resources and infrastructure.
Here’s what you need to know about how the strategy gained popularity and why it matters to China.
What is Halo?
The term was coined last month by Josh Brown, CEO of Ritholtz Wealth Management, to describe firms that own large, high-barrier physical assets and have stable business models, making them less vulnerable to disruption by AI or other new technologies.
Brown said the “Halo trade” was a more accurate framework for finding winners in today’s market. The investment strategy was later amplified in a February report by Goldman Sachs.
The investment bank defines Halo companies by two key traits.