Simon Wood, investment director, multi-manager, at SWIP, discusses which sectors have outperformed so far this year and which have been disappointing.
The first quarter of this year has seen some welcome developments across the investment spectrum. One of the most encouraging has been the revival in investor confidence, leading to some impressive gains in certain markets. It was the best start to a year in a decade for many equity markets, with certain overseas indices (US/GEM) doing particularly well. Those sectors and stocks that underperformed in 2011 have led the rally. There has been a stunning rebound in banks with shares in Bank of America up more than 70%, while there has also been noticeable rises in both house builders and...
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