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XHB - May 2024 Active Management Insights: Beyond The Magnificent 7
SPDR Series Trust Homebuilders
2024-05-16 08:00:00 ET
Summary
Managers are increasingly focusing on sectors beyond tech that could benefit from the rise in AI in the short term. These include healthcare and consumer companies, which also have more attractive valuations.
Globally, managers anticipate an increase in mergers and acquisitions through the rest of 2024, which should be supportive of small and mid-cap names.
Managers see recent corporate governance reforms as likely to improve the return on equity in both developed markets (Japan) and emerging markets (South Korea).