The past decade of US equity outperformance has left many institutional portfolios with a concentration problem. Market-cap weighted indices, once the backbone of efficient, low-cost exposure, now funnel an ever-larger share of assets into a small number of American mega-caps, leaving asset owners exposed to valuation risk, geopolitical disruption and the reversal of the very forces that drove US primacy in the first place. But the index is not the enemy. This session will argue that asset owners have more tools at their disposal to solve their concentration problem than they might think.
