According to Deutche Bank's data, inflows into the tech sector remain strong within last 12 months, as investors expect this sector to continue to outperform.
Meanwhile, we could see other fund flows into financials, energy, health care and cons goods.
Morever, the investors holding onto energy shares are poised to beat the broader market for the first time since 2016. According to Bloomberg, the S&P 500 Energy Index has outperformed the broader S&P 500 by 21 percentage points so far this year as of Dec 23th, with the top performing stock, $Devon Energy(DVN.US)$ , gaining a whopping 167%.
Les Stelmach, senior vice-president and portfolio manager at Franklin Bissett Investment Management, said
not owning energy was an easy thing to do. For five of the last seven years, you can point and say you've made the right decision, but now you're confronted with sharply higher commodity prices.
Stelmach's dividend-focused fund is overweight energy and is up 16% this year.
$S&P 500 Index(.SPX.US)$ $Energy Select Sector SPDR Fund(XLE.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Chevron(CVX.US)$ $Apple(AAPL.US)$ $Pfizer(PFE.US)$ $Broadcom(AVGO.US)$
Which sectos do you prefer? Let's share your ideas with Molly ~
Merry Christmas ~~