Enthusiasm for artificial intelligence has propelled stock markets to all-time highs in 2024.
While some are cautious and flag risk ahead, fund manager Stephen Yiu and his Blue Whale Growth Fund remain invested in many of the stocks behind the rally, including Nvidia.
On CNBC's Pro Talks, Silvia Amaro will ask the outperforming investor where he sees opportunities and risks in the current market.
Watch Pro Talks live on Wednesday, December 18, at 12 p.m. London / 8 p.m. Singapore / 7 a.m. ET. Pro Subscribers can submit questions for Yiu here.
Yiu is a portfolio manager at the U.K.-based Blue Whale Growth Fund and manages $1.4 billion in assets. Launched in 2017, the fund typically has a "high-conviction" portfolio of up to 35 stocks.
He previously told CNBC Pro that he had been selling shares of Microsoft, one of the largest backers of ChatGPT maker OpenAI, on concerns over the tech giant's future profitability amid rapid AI spending.
The fund returned 30.7% in 2023, beating the S&P 500's 24.2% gain, and had delivered 23.6% by the end of November so far this year.
Yiu has navigated the fund through the bust and boom of the pandemic, political instability, high inflation and high interest rate environments to net investors more than 140% return over the past seven years.
"We have built a portfolio of companies that we believe should transcend these issues, all the while taking advantage of global mega trends to drive outsized returns for investors," Yiu told investors in November. "We are a fund that aims to compound returns, with the sole intention of delivering consistent outperformance of the index."
Yiu has been managing money for investors for the past 22 years, starting with the Hargreaves Lansdown MM Income & Growth Portfolio Trust in 2002.
He set up the Blue Whale Growth Fund with just £36 million in 2017, with part of this funding coming from Peter Hargreaves, the founder of U.K.'s largest retail brokerage Hargreaves Lansdown.