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Carole Okigbo

How Australia’s ‘magnificent 10’ contributed to returns over 20 years

How costly was failing to pick the ASX’s top performers over the past two decades? Vanguard did the sums

Carole OkigboContributor
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Collectively worth around $22 trillion at today’s market values, the “magnificent seven” – Alphabet (Google), Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – delivered share price gains of over 100 per cent on average in 2023.

Overall, they have accounted for a significant portion of the US equity market’s total return in recent years, hence the magnificent moniker.

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    Original URL: https://www.afr.com/wealth/investing/how-australia-s-magnificent-10-contributed-to-returns-over-20-years-20240822-p5k4k1