Microsoft

• Strong IT exposure – Dominant sector focus delivers outsized gains in tech-driven bull markets, outpacing broader equities.

• High fee risk – Sensitive sector concentration and lack of transparency may erode returns in competitive markets.

• Geopolitical fragility – Single-country exposure amplifies volatility during trade wars or regulatory shifts.

• Recovery resilience – Post-shocks show rapid rebounds fueled by earnings growth, not liquidity alone, but structural tailwinds persist.