Credit Suisse Asset Management has been reducing its exposure to the utilities sector in the wake of...
Credit Suisse Asset Management has been reducing its exposure to the utilities sector in the wake of its recent rally. Bill Mott, head of retail UK equities at Credit Suisse Asset Management, says the sector had been undervalued earlier in the year on the back of investors chasing technology stocks. The FTSE All-Share Electricity index saw a rise of 11.06% in the period between 4 January and 17 July, while the FTSE All-Share Water index is up 8.52% over the same time period. This compares with a 1.09% fall in the FTSE All- Share index over the period between 4 January and 18 July. Mo...
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