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Beyond the Magnificent Seven: How asset allocators should approach 2024

“The Magnificent Seven”, a 1960s Western, the name also now refers to seven megacap stocks which outperformed in 2023 on the back of the tech growth story: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla

One of asset allocators’ most pressing concerns for 2024 is the need to move out of cash, and to have a plan of where to go next, says Mark Tinker, chief investment officer and managing director at Toscafund Asset Management, a specialist investment manager with US$4.5bn in AUM The aggressive mean reversals and powerful short squeezes on traders during November…

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