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Fund Managers Rotate Out of Growth and Cyclical Stocks

Annie Gilroy
Fund Managers Rotate Out of Growth and Cyclical Stocks

In October, fund managers rotated to energy and material stocks while divesting growth and cyclical stocks. The overweight position in technology stocks declined significantly. As we highlighted in As Tech Leads the Market Decline, What are Investors Eyeing, tech stocks were the frontrunners in the sell-off as they are the same companies that have seen huge upward runs in 2018.