A mere seven stocks have accounted for nearly all of the gains in global equity markets this year. Strip out the so-called “magnificent seven”—Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla—and the rest of the US stockmarket has been slightly negative. Times like these can be frustrating for those underweight the big winners, and it is all the more painful when those winners seem “obvious”—sitting right there in plain sight.
In 1965, the first unit trust in SA , Sage Domestic Equity Fund ,was launched.
With more or less than 10 unit trusts , asset manager Allan Gray is home to 3 funds featuring in our Top 10 Heavyweights by fund size in years of 2020s.
