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Investments in HCM funds involve risk, including possible loss of principle. There is no assurance that the funds will achieve their investment objectives. Investors should carefully consider the investment objectives,

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Please stay tuned for important disclosure information at the conclusion of this episode.

Hi, and welcome to the Longview. I'm Dan Lefkowitz, strategist for Morning Star Indexes.

In this episode, we'll share some of our favorite clips from 2024 interviews with portfolio

managers, economists, and investment thinkers. It's the companion to Christine Benz's

best-up episode featuring

highlights from conversations with financial planners, advisors, and retirement researchers.

First, in a rare conversation with Prime cat management, my colleague Jeff Patak asked Joel

Freed about the Magnificent Seven, the cohort of mega-caps that has been leading the U.S. equity market.

Absolutely. As you might imagine, Jeff, we've had many conversations about the Magnificent

Seven. You know, so much of the performance over the last few years has been concentrated

in the Magnificent Seven. And so not owning them has been a real handicap to performance.

But if you think about the Magnificent Seven today, they comprise 28% of the value of the S&P 500.

We've never seen that kind of concentration before.

...