PA360 North: Industry warned of 'need for true diversification'

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...