Investors trim Magnificent 7 exposure for diversification, with Tesla facing the sharpest pullback.
83 percent believe US dollar will remain global reserve currency for decade.
Retail investors are regaining confidence in the US market
after two quarters of decline, according to the latest quarterly Retail
Investor Beat survey from trading platform eToro.
The survey, which covered 10,000 retail investors across 13
countries, found that 38 percent now view the US as the region with the
strongest long-term return potential. This marks a 12 percent increase from the
previous quarter, reversing consecutive declines of 9 percent in the first
quarter and 17 percent in the second.
Portfolio allocations reflect the same trend, with 43
percent of investors now holding exposure to the US market, an 8 percent rise
from the prior quarter and the highest level since the survey began in early
2023.
Caution Toward the Magnificent 7
Lale Akoner, eToro’s Global Market Strategist, Source: LinkedIn
“Now, as confidence in the resilience of the US economy
improves, we’re seeing a reversal of that trend,” commented eToro’s Global Market Strategist Lale Akoner.
“Portfolios are once again
tilting back toward the US, reflecting recognition that, despite global
diversification, the American market remains the cornerstone of global
investing,” Akoner added.
At the same time, retail investors are showing more caution
toward the so-called Magnificent 7 technology stocks, which include Amazon,
Apple, Microsoft, Meta, Tesla, Nvidia, and Alphabet.
Thirteen percent expect
these stocks to significantly outperform the market in 2025, while 33 percent
expect slight outperformance.
The number of investors planning to reduce exposure has
grown modestly across all seven companies compared with a year earlier. Tesla
saw the largest change, with a 6 percentage point increase in the share of
investors not invested or not planning to invest.
US Dollar Holds Reserve Currency Status
Retail investors also remain attentive to the outlook for
the US dollar. Half of respondents reported they had adjusted or were planning
to adjust their portfolios for possible long-term weakness.
However, 83 percent believe the dollar will retain its
position as the global reserve currency over the next 10 years. Only 7 percent
expect it to lose that status, with bitcoin, the Chinese yuan, the euro, gold,
and central bank digital currencies cited as possible alternatives.
“Retail investors are effectively balancing diversification
with a clear acknowledgment that long-term growth opportunities are still
heavily anchored in the US,” Akoner noted.
Recession Fears Ease, Domestic Risks Rise
The survey further indicated easing fears of a global
recession. Twenty-three percent listed the global economy as the top risk to
their portfolios, down from 26 percent in the previous quarter.
Inflation remained the second most cited concern at 19
percent. Meanwhile, the share of investors viewing their domestic economy as
the biggest threat rose to 14 percent from 11 percent, with US investors
showing the highest level of concern at 28 percent.
Retail investors are regaining confidence in the US market
after two quarters of decline, according to the latest quarterly Retail
Investor Beat survey from trading platform eToro.
The survey, which covered 10,000 retail investors across 13
countries, found that 38 percent now view the US as the region with the
strongest long-term return potential. This marks a 12 percent increase from the
previous quarter, reversing consecutive declines of 9 percent in the first
quarter and 17 percent in the second.
Portfolio allocations reflect the same trend, with 43
percent of investors now holding exposure to the US market, an 8 percent rise
from the prior quarter and the highest level since the survey began in early
2023.
Caution Toward the Magnificent 7
Lale Akoner, eToro’s Global Market Strategist, Source: LinkedIn
“Now, as confidence in the resilience of the US economy
improves, we’re seeing a reversal of that trend,” commented eToro’s Global Market Strategist Lale Akoner.
“Portfolios are once again
tilting back toward the US, reflecting recognition that, despite global
diversification, the American market remains the cornerstone of global
investing,” Akoner added.
At the same time, retail investors are showing more caution
toward the so-called Magnificent 7 technology stocks, which include Amazon,
Apple, Microsoft, Meta, Tesla, Nvidia, and Alphabet.
Thirteen percent expect
these stocks to significantly outperform the market in 2025, while 33 percent
expect slight outperformance.
The number of investors planning to reduce exposure has
grown modestly across all seven companies compared with a year earlier. Tesla
saw the largest change, with a 6 percentage point increase in the share of
investors not invested or not planning to invest.
US Dollar Holds Reserve Currency Status
Retail investors also remain attentive to the outlook for
the US dollar. Half of respondents reported they had adjusted or were planning
to adjust their portfolios for possible long-term weakness.
However, 83 percent believe the dollar will retain its
position as the global reserve currency over the next 10 years. Only 7 percent
expect it to lose that status, with bitcoin, the Chinese yuan, the euro, gold,
and central bank digital currencies cited as possible alternatives.
“Retail investors are effectively balancing diversification
with a clear acknowledgment that long-term growth opportunities are still
heavily anchored in the US,” Akoner noted.
Recession Fears Ease, Domestic Risks Rise
The survey further indicated easing fears of a global
recession. Twenty-three percent listed the global economy as the top risk to
their portfolios, down from 26 percent in the previous quarter.
Inflation remained the second most cited concern at 19
percent. Meanwhile, the share of investors viewing their domestic economy as
the biggest threat rose to 14 percent from 11 percent, with US investors
showing the highest level of concern at 28 percent.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
