What a year!! With less than 4 weeks to go for 2025, #MSCI#SouthAfrica#ETF still ranks 9th in YTD performance among all #country ETFs measured in USD, delivering a whopping +62%. #SouthKorea remains in the lead, while #SaudiArabia is at the bottom of the list.
We are pleased to announce our interim results for the period ended 31 August 2024, achieving a 28.0% increase in recurring headline earnings per share and a return on equity of 26.2%. Assets under management increased by 15.9%. Read more: https://t.co/T5FKKCEtEQ
The top 10 stocks in the S&P 500 now account for 35% of the ENTIRE index.
The last time we saw this level of concentration?
In 2001 when the Dot-com bubble bursted.
The "Magnificent 7" are now approaching +100% for 2023.
Meanwhile, the remaining 493 stocks are still up less than 10%.
All while the S&P 500 is up a massive 23% because of these 10 technology stocks.
Truly a historic time for markets.