On the eve of the US presidential election that is deemed too close to call, it is not surprising that the uncertainty has rippled into market responses through the course of October.
A recent look at the extreme concentration in the US equity market, expressed as the wide gap between the performance of the FT Wilshire 5000 index (distorted by contribution of the Magnificent Seven stocks) compared to performance of the Equal weighted index.
A key feature of US equity market performance over the last couple of years has been the increasing dependence on the returns delivered by a handful of stocks, raising concerns about the degree of concentration.
The FT Wilshire GLIO (Global Listed Infrastructure Organisation) Listed Infrastructure Indexes provide exposure to global companies which own and/or are operators of infrastructure assets
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