Quant View of Global Themes: Six new global themes

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Quant View of Global Themes: Six new global themes

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Quant View of Global Themes

Six new global themes

YTD performance spread across global themes = 167% 12 June 2026

This month, we provide a quantitative view on six additional global investment themes, Quant Strategy

including Photonics, Precision Medicine, Consulting, AI Compute, AI Data & Platform, and Global

Data Centre & Infrastructure. Among the expanded list of 18 themes, the best Nigel Tupper >>

performers YTD have been Photonics (+145%), AI Compute (+88%), and Data Centre Quant Strategist

Infrastructure (+70%), and the worst have been Consulting (-22%) and SaaS (-9%). The Merrill+61 2 9226Lynch5735(Australia)

top-ranked themes (based on Triple Momentum) are AI Compute and Data Centre nigel.tupper@bofa.com

Infrastructure. Amar Vashi >>

Quant Strategist

Countries with extreme exposure to global themes Merrillamar.vashi@bofa.comLynch (Australia)

Analyzing the exposure of each major MSCI country index to the 18 global themes Sumuhan Shanmugalingam >>

highlights Korea and Taiwan have extreme exposure to AI Compute, China has the most QuantMerrill StrategistLynch (Australia)

exposure to AI Data & Platform, and Italy has the most exposure to Photonics. Among sumuhan.shanmugalingam@bofa.com

the lowest ranked global themes (by Triple Momentum), India has meaningful exposure

to Consulting, Germany has the most exposure to SaaS, and France and Italy maximize

exposure to Luxury Lifestyle.

Top-ranked stocks globally within each additional theme

Among the six Most Important stocks within each additional theme, the top-ranked stock

by Triple Momentum within Photonics is AXT, within Precision Medicine is Merck, within

AI Compute is ASML, within AI Data & Platform is Amazon, and within Data Centre