Market shows shift in sector strength and ‘flattish’ dividend growth
13 April 2024
A combination of lower inflation, growing expectation that central banks will cut interest rates and a gradual upswing in growth has led to a performance reversal of the previously strong defensive sectors, says JOHCM UK Equity Income Fund. Conversely, cyclical sectors, the financial and commodity sectors, are now outperforming. In addition, an increase in...