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How to avoid being ‘dangerously concentrated’ in yesterday’s winners

Lucy Dean

The most rapid rate raising cycle in a generation has reinvigorated one of the perennial debates in investment management: in a bumpier economy is it best to tilt to value stocks?

A new white paper by value fund manager Orbis argues that global indexes are so heavily tilted to growth stocks, and US tech giants in particular, that most investors are “dangerously concentrated in last decade’s winners”, and that the tide is about to turn.

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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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    Original URL: https://www.afr.com/wealth/investing/investors-dangerously-concentrated-in-last-decade-s-winners-20231114-p5ejt9