MFS favours US large-cap tech, consumer, bank stocks
Strategist for Boston-based asset manager says he would stay clear of the energy sector
Singapore
THE biggest opportunity in markets now lies in large-capitalisation US stocks in the technology, banking and consumer-discretionary sectors, the chief investment strategist of a large Boston-based asset manager has said.
James Swanson, who oversees strategy for US$450 billion in assets at MFS Investment Management, said that this is because the business cycle still has a few more years to go in the most profitable economy in the world.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Why the yen is so weak and what that means for Japan
UAE's top bank FAB beats Q1 profit estimates
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead ID
US, Philippines eye agreement to cut China nickel dominance
GSK profit drops in first quarter on higher costs
London watchdog’s name-and-shame plan is mad, bad and dangerous to the City