Clients have “misplaced confidence” in their portfolios given the extreme market cycle that has unfolded since 2009, according to head of Orbis UK Dan Brocklebank.
Speaking today (1 October) at PA360 North, Brocklebank told delegates that the market is "unusually skewed", making true diversification harder to achieve—at a time when it is needed more than ever. He warned financial advisers that the market's concentration, particularly in the Magnificent 7 tech stocks, has created a rally that may not be as secure as it appears. These seven companies account for just 12% of market profits, while a Mundane 7 group of countries generate 32% of profits, highlighting the imbalance in today's market. Reflecting on 2022, when inflation surged, Brockl...
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