Tilt, don't tinker

In today’s markets, it can be tempting to react to headlines highlighting the concentrated performance of U.S. and technology stocks. However, history shows that market leadership shifts over time—this is not a new phenomenon. Rather than making significant changes in response to short-term narratives, a disciplined, evidence-based approach remains the most reliable path to long-term investment success. By tilting portfolios toward smaller and lower-priced stocks—which have historically delivered stronger long-term returns and added diversification—investors can position themselves for more resilient and balanced outcomes over time.

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