Thematic investing is reshaping how portfolios are built. In this minisode of The Bid, Jay Jacobs, US Head of Equity ETFs at BlackRock, explains why themes like artificial intelligence, infrastructure, and geopolitics are at the center of today’s markets. From the rise of AI adoption to the need for resilient infrastructure in a reshoring economy, investors are rethinking traditional portfolio lenses and asking about thematics, Bitcoin and gold. Jay also addresses the dominance of mega-cap tech — and why concentration in equity markets demands a more intentional strategy in 2025. Key moments: 00:00 Introduction to Thematic Investing 01:05 Current Market Themes: AI and Infrastructure 01:41 Geopolitics and Infrastructure 02:16 The Dominance of Mega Cap Tech in US Markets 02:50 Investor Strategies for Market Concentration 🎧Check out the full episode on Spotify: open.spotify.com/show/56rc5KHG6Btk19lEAmw7I2 👉 Subscribe to The Bid podcast playlist for more insights from Black...