Leisure and hotel sector proves defensive worth

Professional Adviser
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The Leisure and Hotel sector has shown positive returns since the beginning of the year, with invest...

The Leisure and Hotel sector has shown positive returns since the beginning of the year, with investors attracted to the defensive pub and gambling stocks it contains. From 31 December to 28 April the FTSE Leisure & Hotel sector returned 1.15%, outperforming the broader All-Share index which returned -1.3%. Over the 12 months to 28 April the sector also outperformed, falling 26.36% against a negative 27.28% return from the All-Share. Errol Francis, manager of the UK Growth and Equity Income fund at Baring Asset Management, says although the sector has fared well over the past quarter...

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