Financials and industrials will outperform this year

Professional Adviser
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Specialty finance is one of the most highly geared sectors to a rising or falling market, reflecting...

Specialty finance is one of the most highly geared sectors to a rising or falling market, reflecting the impact asset managers have on the sector, says SchroderSalomonSmithBarney (SSSB). After examining the FTSE 100 from a beta position, focusing specifically on share price movements, the group's UK and European strategy teams believe a portfolio overweight financials and industrials and underweight defensives will outperform this year. The research group found that the high beta UK sectors, those expected to outperform in a rising market and fall in a sell-off, include software and med...

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