Hynes: Market concentration will broaden, favoring active managers over index funds
Jean Hynes · Training Grounds: Wellington Management – Jean Hynes (EP.423) · Dec 23, 2024 · at 42:25
Jean Hynes, CEO of Wellington Management, explains her macroeconomic outlook for public equity markets and why active asset management will benefit from market broadening.
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“I think what will benefit active management is that Concentration broadens. I'm a big believer that those seven companies will be successful only if the benefits broaden to the economy around the world, and so I would suspect that you're in an environment in the next period of time where you don't have the QE of the past decade. I'm not saying those companies won't do well because they've done amazingly well, but you'll have a broadening of the market, and that's a really good environment for active management.”
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