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Investors look overseas as Magnificent Seven concentration worries grow
Janus Henderson portfolio manager Julian McManus said the shift is driven by renewed concerns about how concentrated portfolios have become in the Magnificent Seven.
CNBC Markets reports that Janus Henderson portfolio manager Julian McManus said investors are increasingly looking overseas as concerns about concentration in the so-called Magnificent Seven have resurfaced.
McManus said the move reflects a renewed focus on diversification, as investors reassess how much exposure they have to a small group of large US stocks.
The report outlines the types of stocks and sectors McManus favors as investors broaden their geographic exposure.
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