Managers' Perspective: Building a Truly Diversified Equity Portfolio

In recent years, global equity portfolios have become increasingly concentrated in a narrow group of high-growth, technology-driven companies. The "Magnificent Seven" has grown from around 12% of the S&P 500 in 2015 to nearly one-third of the index as of March 2026, while the U.S. equity market now accounts for more than 60% of global market capitalization. While these names have boosted returns tangibly, this concentration raises questions about the lack of diversification and portfolio resilience amid heightened market volatility.

Join us for our upcoming webinar hosted by our CIO, Hugh Chung, together with Jason Teo, Vice President  from UOBAM and Jeremy H. Butterworth, CFA Investment Strategist  from Wellington where they will explore how investors can build more balanced equity allocations focused on durable, global, and resilient businesses often overlooked by popular, but overcrowded, growth strategies.

About the speakers

Hugh Chung

Chief Investment Officer, Endowus

Hugh leads the integration of investment functions and strategies across the Endowus Group, comprising the Endowus digital platform, Endowus Private Wealth, and Carret Private. He oversees the centralised Investment Office, which provides group strategic direction on the expert curation and management of all investment solutions across public and private markets, for individual and institutional investors in Singapore and Hong Kong.

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Jason Teo

Vice President, UOB Asset Management

Jason is part of Intermediary Sales team covering the Independent Financial Advisers (IFA) and Insurers segment. He is responsible for driving business growth through deepening partner engagement, expanding product adoption, and identifying strategic opportunities across distribution channels.

Before joining UOBAM, Jason served as a Senior Fund Specialist at HSBC Life, where he played a key role in shaping fund propositions. He led fund initiatives, strengthened the investment platform, and conducted detailed due‑diligence assessments and market analysis and spearhead funds launches and enhance the competitiveness of the fund shelf. Prior to HSBC Life, he was with Phillip Securities, working closely with both onshore and offshore high‑net‑worth individuals to identify investment opportunities, curate tailored wealth solutions and strategic client acquisition. Jason holds a Master in Asset & Wealth Management from Nanyang Technological University (NTU) and a Bachelor of Finance from Singapore University of Social Science (SUSS).

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Jeremy H. Butterworth, CFA

Investment Strategist

As an Investment Strategist with Wellington Management, Jeremy works closely with portfolio managers as well as the firm’s macro analysts to articulate our investment views to clients and prospects. Within the Investment Strategist team, he covers a variety of strategies and asset classes, spanning equities, credit, and alternative investments. He represents the firm’s global investment capabilities and advises clients, prospects, and consultants.

Prior to joining Wellington Management in 2019, Jeremy spent four years as a sales trader in credit for Mitsubishi UFJ (2015 – 2019). In that role, he was responsible for managing institutional client relationships across Australia, New Zealand, and broader Asia, providing macro insights, credit-relative value ideas, and liquidity. Previously, Jeremy held positions with Fidante Partners, working within the funds management business representing their suite of boutique investment managers (2011 – 2015), and State Street Global Markets, working in the Institutional Transition Management business in Sydney (2007 – 2011). Jeremy earned his Bachelor of Business, majoring in finance and management, from the University of La Trobe, Australia (2006). He also holds the Chartered Financial Analyst (CFA) designation.