Even defensive stocks have chinks in their armour
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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.
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