European Capital Partners - No performance without the 7 Discover this fund | European Capital Partners
Asset management and fund structuring boutique

No performance without the 7

Oct 02, 2023

With one quarter to go in 2023 for portfolio managers to generate performance, it needs to be stressed again how binary US equity markets have been for investors this year. Success or failure boiled down to one decision, namely being invested in the so-called magnificent 7 stocks ( Alphabet, Amazon, Apple, Meta, Microsoft, NVIDA and Tesla). Excluding these 7 stocks, the S&P 500 was flat y-t-d. While, as Keynes rightly stated, “markets may stay irrational longer than you can stay solvent”, we do not believe that this trend will continue for long in today’s interest rate environment.

Return to overview