News & Insights

Equity market performance has increasingly been driven by small groups of companies captured by a single theme. Investors first embraced FAANG, then the Magnificent 7, and more recently a new acronym has emerged: MANGOS (Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX). While the label may be new, the underlying investment question remains the same: should investors continue concentrating on the perceived winners of the AI revolution, or are the best opportunities now emerging elsewhere?

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