Utilities and telecoms are being negatively impacted by interest rate environment changes, but some sectors are showing resilient economic growth, says Evan Bauman, portfolio manager on the Legg Mason ClearBridge US Aggressive Growth fund.
To focus on flexible equities strategies
Equities already entered a bear market
Increased weighting by 50% in four months
Net revenues down 29% over H2 2015
Reported record net flows for 2015
Oil, industrials and banks dividends at risk
Markets no longer listening to central banks 'crying wolf'