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Money pours into US consumer staples even amid pricey valuation warnings

Wednesday, June 8, 2016 - 05:50
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The number of new institutional owners, such as hedge funds, pension funds and mutual funds, of Campbell Soup has jumped 92 per cent in the last quarter.

San Francisco

INVESTORS looking for stability and dividends have been pouring money into consumer staples stocks of late, ignoring warnings from Wall Street's analysts about pricey valuations for companies like Clorox and Campbell Soup.

Widely viewed as relatively safe bets in a