Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Summary: US tech stocks are up +31% in 2023 but concentration at the top is very high. The top 10 stocks now take up 61% of the Nasdaq index. A 'special rebalance' is coming for the Nasdaq but the impact will be quite minimal.