If you run or work at a financial sector fund, at least one industry insider thinks you're in for a world of hurt.
In an article on Seeking Alpha
, David Trainer
, the CEO of research firm New Constructs
, argues that a lack of good stocks are going to cause problems for funds in this space:
Only 5% of Financials stocks by market cap earn an Attractive-or-better rating. Dangerous-or-worse rated stocks make up 81% of the value in the sector.
For more details, and to see Trainers best and worst funds inthe sector, check out the original article here
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