Our recent paper on Extreme Concentration focussed on the US (and so Developed Markets). This was natural as the central issue of concentration was among the top 10 stocks in the US, among them, the “Magnificent 7”. At one point the paper mentions that the Australian and Emerging Markets (EM) do not show this recent upward trend in concentration. This has led many to seek the evidence for this. Thus, the present paper aims to provide evidence for this finding.
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