E*TRADE sector rotation study shows Morgan Stanley clients favor Utilities in August
MS•Morgan Stanley clients favor Utilities in August
- Morgan Stanley’s E*TRADE monthly sector rotation study showed clients were net buyers in five of 11 GICS sectors in August.
- Utilities led net buying at 11.43%, followed by Consumer Staples at 8.1% and Real Estate at 7.23%.
- Energy saw the heaviest net selling at -5%, trailed by Materials at -4.67% and Financials at -4.02%.
- Figures cover all US-traded stocks, including OTC names and ADRs, incorporating stock trades, dividend reinvestment, options exercises, assignments.
