Riding the equity market rollercoaster

August 13, 2025

Time to Read: 3:20 min

In this video, Walter Scott client investment manager Murdo MacLean reflects on a volatile period for global equity markets and outlines why he believes diversification and valuations matter.

Key points:

The first quarter of 2025 saw a rational rotation away from US tech’s ‘Magnificent Seven’ due to high valuations, but their rebound was swift and strong.
Diversification and valuation discipline remain crucial, considering the Magnificent Seven alone drove nearly 50% of global equity returns last year.
History shows dominant sectors change over decades, meaning investors should question if current tech valuations fairly reflect growth prospects.
Company fundamentals and appropriate valuations remain key amid ongoing market uncertainties and evolving economic conditions

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