Here are the Sectors Large Investors Love, and the Ones They Hate
In a note out late yesterday, Credit Suisse took a look at how equity views differ among major investors. Titled "Carving Up The Consensus: Comparing Hedge Fund, Mutual Fund, & Sell-Side Positioning By Industry Group, For US Large Cap & Small Cap," the analyst team led by Lori Calvasina and Sara Mahaffy answered two important market questions: What does everybody love and what does everybody hate?
According to their research, a consensus across all groups is pretty rare but it does occur. So what does everybody love? Within the large cap space it's food and staples retailing; real estate; and pharmaceuticals, biotech and life sciences. At the small cap level it's banks, health care equipment and services, and software and services.
In the not so loved category for large caps are energy and capital goods. There wasn't a single consensus view in the small cap space for the hate category.
Here's a chart summing up all of the findings:
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