S&P reports "bullish" US growth managers

A shift from small to large-cap growth stocks is envisaged as several managers say they will chase quality and more predictable earnings growth. Sustainable earnings will become more important in determining returns, S&P suggests. To boost returns now, managers are looking to cyclical growth stocks and exposure to capital goods, financials and technology, as long as the earnings growth element is present. The changing market should also help those invested in large-cap stocks to catch up with the performance of managers holding small-cap stocks last year, when prices for those stoc...