Even defensive stocks have chinks in their armour
Add BT as a preferred source
Tay Peck Gek
AS the financial markets turned turbulent last December, some investors started turning their attention to securities in the defensive sectors, hoping to seek havens in them.
In fact, a Reuters analysis of 2019 outlooks of 10 major financial institutions in Wall Street found eight being overweight on at least one defensive sector this year, amid concerns that the market might be ending its bull run anytime and an uncertain economic outlook.
However, one should not equate defensive stocks to fail-proof investments.
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
