Weighing the risks and opportunities of Mag-7 dominance

The global stock market's concentration in a small number of mega-cap U.S. technology stocks, notably the Magnificent Seven, is raising systemic risk concerns among investors. While current valuations are high, they don't yet signal "irrational exuberance," says Paul Niven is Head of Multi-Asset Solutions, EMEA at Columbia Threadneedle Investments. In this insightful interview, Paul discusses: • Concentration risks in the global stock market • How actively managed funds can counter these risks • Previous cases of increased concentration • The US economy and the opportunities other...