Half of the respondents to the 2024 Natixis Global Fund Selector Outlook Survey expect the information technology and energy sectors to outperform. The survey was conducted in November and December and released earlier this month. At the other end, 42% and 48% expect consumer discretionary and real estate, respectively, to underperform.
Global fund managers see rosy outlook for IT, energy sectors
Year to date, the healthcare, IT and communication services, with returns ranging from 5.8% to 11.8%, have outperformed the S&P 500's 5.4%. Real estate, utilities and materials have negative returns this year.
IT has the largest S&P 500 weighting at 29.8%. That's followed by financials, healthcare and consumer discretionary.
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