Fund managers ride out pandemic by sticking with old playbooks
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Last Updated: Jul 18, 2021, 09:23 AM IST
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Synopsis
Active fund managers still favor stable growth stocks over cheap ones and are avoiding economically sensitive shares like banks and energy, just as they did during the market’s tumble in March 2020. Except for a growing aversion to industrial firms, managers’ preferences across sectors are almost identical to what they were almost 16 months ago.
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One thing that barely changed this whole time? Professional stock pickers’ tastes.
Active fund managers still favor stable growth stocks over cheap ones and are avoiding economically sensitive shares like banks and energy, just as they did during the market’s tumble in March 2020. Except for a growing aversion to industrial firms, managers’ preferences across sectors are almost identical to what they were almost 16 months ago, data compiled by Bank of America Corp. show. In fact, almost
Fund Managers Ride Out Pandemic by Sticking With Old Playbooks
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Fund Managers Ride Out Pandemic by Sticking With Old Playbooks
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