Indexation

• The largest 10 companies make up 29% of the market weight of the S&P 500 index
• Large companies are now 57% more expensive than the rest of the index.
• The largest companies typically underperform smaller companies by 1.0% to 1.5% a year
• The reversal in relative valuations can occur quickly

Please visit our Zoom recording to view the event in full, recorded October 28th, 2020.

A transcription of the event highlights can be found here.