There has been a demarcation between the sectors of the world market, according to Steve Danby, glob...
There has been a demarcation between the sectors of the world market, according to Steve Danby, global theme strategist at Henderson. 'Normally we would see similar trends between the sectors. However, there has been some diversion between technology, telecoms and other cyclical sectors,' he says. Henderson remains positive on cyclical sectors and does not support defensive ones. Danby explains: 'Defensive stocks tend to be expensive and with the anticipation of US recovery, the markets are reacting positively to cyclical sectors, especially consumer cyclicals. We are shifting from intere...
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