sentix ASR Essentials 14-2016
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10 April 2016
Posted in
sentix Weekly
Backing away from Banks; still running with Real Estate
The latest sentix survey points to increased pessimism on the near-term outlook for eurozone (EZ) equities. This chimes with a reversal in opinion on the prospects for the Banks sector, based on the latest monthly questions on investors’ views on the medium-term outlook for sectors relative to the European market. After a brief respite in March, investors’ pessimism on Banks versus the market has returned to the fore this month, with sentiment readings dropping back to the low-end of their historic range. However, this does not appear to be part of a wider upsurge in sector risk aversion. Survey readings on Food & Beverage were little changed versus a month ago, while despite a modest pick-up over the month, Healthcare sentiment is still well down on last year’s highs. Based on the latest survey findings, investors are most optimistic on Real Estate versus the market. See p2 for charts.
