In her 2025 outlook, Ma highlighted how artificial intelligence (AI), energy transition, and an industrial renaissance in the US are driving growth across diverse sectors.
While AI’s dominance in the tech industry is well-documented, Ma expects its transformative potential to extend far beyond Silicon Valley.
“While AI has been a dominant investment theme recently, its benefits are broadening beyond large tech companies,” she said.
“We’re seeing smaller, innovative companies leverage AI in transformative ways, creating significant growth potential.”
Two standout examples include AeroVironment, a defence company specialising in AI-enabled unmanned surveillance technology, and RadNet, a diagnostic imaging provider using AI to improve cancer detection.
“These are just two examples of how AI is revolutionising diverse industries,” she explained.
“We believe this trend will accelerate in the coming years, creating compelling investment opportunities across a range of sectors.”
The “Made in America” industrial renaissance
Ma also observed a growing momentum for domestic manufacturing under the “Made in America” banner.
She pointed to the critical role robotics and automation play in addressing labour cost challenges and revitalising US manufacturing competitiveness.
“Robotics is key to enabling companies to compete globally while maintaining production in the US,” she noted.
The energy sector, another focal point for Munro Partners, presents a wealth of opportunities as countries grapple with escalating demand and climate imperatives.
Ma emphasised the need for investment in grid modernisation and clean energy solutions, suggesting that companies spearheading these efforts are well-positioned for growth.
Moreover, she highlighted the potential of small- and mid-cap companies that are often overlooked by mainstream investors.
“Many of these companies are overlooked or misunderstood by the broader market,” she said.
“By identifying those with robust earnings growth potential and innovative business models, investors can potentially achieve significant returns.”
