In this issue INTRODUCTIONS Bring the chaos, we’ll bring the ideas 4 Nico Marais, CFA, CEO, Wells Fargo Asset Management Asking the tough questions 5 Kirk Hartman, CIO, Wells Fargo Asset Management INVESTMENT DISCOVERIES Uncovering innovation on the right side of change 6 Michael Smith, CFA, and Ozo Jaculewicz, CFA Driving positive change with municipal bonds 8 Thomas Stoeckmann; Jeffrey Weaver, CFA; and Terry Goode Watching China’s quest for technology independence 11 Alison Shimada and Connie Ou, CFA 13 Building a new playing field with smaller issuers Janet Rilling, CFA Embracing machine learning for value discovery 15 Craig Pieringer, CFA, and Gustaf Little Challenging assumptions in portfolio construction 18 Brian Jacobsen, Ph.D., CFA, CFP, and Frank Cooke, CFA LEADER INSIGHTS 10 A definitive yes Hannah Skeates Reimagining the conventional 14 Andy Hunt, CFA, FIA Driving innovation with our clients in mind 16 Randy Mangelsen, CFA, CQF, FRM, PRM Less talk, more action 20 Nate Miles, CFA Responding to the need behind the question 21 Dan Morris, AIA 23 The final word: Building a culture that enables innovation Ann Miletti