MFS favours US large-cap tech, consumer, bank stocks
Strategist for Boston-based asset manager says he would stay clear of the energy sector
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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.
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