Arabic version: مستثمرون يدعون إلى محافظ أكثر تنوعًا مع تغيّر مخاطر الأسواق
According to Cnbc, six investors responding to a volatile year for global markets broadly agreed that portfolios should diversify beyond recent winners. Equity and bond markets faced a fresh bout of turbulence this week, while investors cited differing risks ranging from concentration in past winners to geopolitical tensions, inflation and the durability of AI investment.
Chris Rush, investment manager at IBOSS, said investors risk being too concentrated in the winners of the past and overlooking opportunities elsewhere. He said U.S. equities already account for a large share of global portfolios, while U.S. exceptionalism has faded from levels seen before 2025 and debt levels among the Magnificent Seven have risen. IBOSS is broadening exposure through real estate investment trusts, U.K. equities, and stocks in Asia and emerging markets.
Ben Kumar of 7IM said the challenge this year has been managing specific volatility as winners and losers changed repeatedly. He noted that energy and IT stocks have each been both the best and worst performers twice this year. Kumar said diversification across sectors and regions had helped, adding that investors do not need to go all in on winners. London-based Ben Seager-Scott of Forvis Mazars said the Iran war and strong U.S. corporate earnings were pulling markets in opposite directions, prompting his team to reduce some equity-risk overweight and rotate from mega-cap technology names into broader U.S. stocks.
Other investors focused on interest-rate policy, AI spending and portfolio protection. Charlie Ambler of Saltus said central banks face a difficult trade-off between inflation control and financial stability as the economy absorbs a capital-hungry AI infrastructure buildout. Steve Brice of Standard Chartered called for allocations to areas including developed-market financials, euro-area industrials, bonds, gold and alternatives. Global X ETFs strategist Billy Leung said unresolved Strait of Hormuz risks supported an oil geopolitical premium, but argued that the longer-term concern was AI capital expenditure, including financing structures and free-cash-flow conversion. He said a shift in guidance or financing costs could drive capital toward companies with nearer-term monetization.
