Taking a contrarian approach amid the maelstrom of investors propping up the so-called Magnificent Seven stocks, isn’t an easy path to carve in markets.
Google owner Alphabet, Apple, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla attract a lot of attention and have bolstered markets over the past couple of years. So, is there value to be had elsewhere? For example, what about overlooked themes emerging right now?
Alec Cutler, Citywire AAA-rated fund manager at Orbis, is betting on these themes, ranging from rewiring dilapidated electricity grids in the developed world, to deglobalisation as factories make the big trek back from China.