Utilities as a traditional defensive sector have been attractive in the recent bear market but thi...
Utilities as a traditional defensive sector have been attractive in the recent bear market but this position may be changing, according to Gartmore. Eric Moore, fund manager of Gartmore UK Growth, says utilities tend to be underweighted in his portfolio because of their relatively predictable nature. He selects stocks by trying to pick companies which will show unexpected growth. Moore points out that predictably timed regulatory reviews play a large part in determining share price and says it is time to move out of utilities. "Utilities are defensive. It's time to buy cyclical stock...
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