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(Bloomberg) -- Asian shares slumped, tracking US peers lower after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken, Its CEO Says.

An equal weight ETF can mitigate concentration risk in the sectors with the greatest total weight of the largest five companies.

In a recent survey, 69.7% of advisors said they were concerned or very concerned about the concentration of the top five names in the S&P 500.

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The majority of advisors are concerned about the concentration of the top five names in the S&P 500.