Last year's investment results tell an interesting story. Multi-asset funds focusing on Chinese markets delivered returns that left global competitors in the dust. Their playbook? Straightforward but effective—pile capital into Chinese equities, particularly the AI-related sector. While most global funds were diversifying across regions and asset classes, these portfolios stayed concentrated on a single narrative: the surge in Chinese artificial intelligence investments. The strategy paid off handsomely, suggesting that despite market uncertainties, concentrated exposure to high-growth segments can outperform conventional diversification approaches. It's a reminder that sometimes timing, conviction, and sector selection matter more than spreading risk thin.