General Electric remains the dominant force in the US electrical equipment sector and despite below ...
General Electric remains the dominant force in the US electrical equipment sector and despite below average returns over the past year. General Electric (GE), which constitutes 84.6% of the electrical equipment sector of the S&P 500 and 4.2% of the overall index, returned 3.35%in dollar terms over the year to 6 November. Over the same time period the electrical equipment sector returned 389.50% while the overall S&P 500 returned 155.36%, in dollar terms. Douglas Wright, US fund manager at Britannic Asset Management, says he is overweight GE relative to the market. GE has exceeded profit e...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes