This video was specifically featured on BBC’s Business Today and can be found on their website here.
Anna Macdonald, Investment Manager at Aubrey, briefly appeared on Business Today (listen from 16 minutes in), suggesting we may be witnessing the end of U.S. market exceptionalism as investors increasingly look beyond the S&P 500’s narrow, AI-driven rally. Whilst companies like Meta and Nvidia continue to dominate headlines, their outsized influence masks underlying fragility in broader U.S. equities. Meanwhile, Europe is beginning to attract fresh interest, particularly following Germany’s decision to relax its fiscal rules. With AI adoption spreading globally and the dollar showing signs of weakness, Anna sees a rotation underway: one where Europe, long discounted, is increasingly being seen as a region of genuine opportunity.
