Discussion | Few giants power S&P 500 gains

CAPE TOWN - The concentration of the US equity market is reaching new highs in 2025.

According to Old Mutual Wealth, just five companies have contributed nearly two-thirds of the S&P 500’s gains this year.

READ: Assessing SA Equities' global competitiveness

This is despite making up only 1 percent of the index.

Sean Ashton, head of investments at Private Clients by Old Mutual Wealth spoke to eNCA.

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