Which US Equity Sectors Still Have Further to Run?

Companies are still performing well for the most part, with upside ahead as the domestic economy continues to grow and financial sector conditions normalise

J.P. Morgan Asset Management 27 April, 2015 | 4:47PM
Facebook Twitter LinkedIn

Morningstar's "Perspectives" series features investment insights from selected third-party contributors. Here, Paul Quinsee, Chief Investment Officer, US Equities, J.P. Morgan Asset Management considers which equity sectors offer the best returns.  

Returns from US equities are moderating and stock market volatility is on the rise. We can hardly complain; their performance over the past few years has been nothing short of spectacular, and since 2011 volatility has been very subdued as well. Of the three drivers behind these excellent returns; low valuations, strong profits and low interest rates, the first is now clearly in the past, with the S&P 500 trading at around 17x our forecast of normalised profits.

The market will be harder to live with from here

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

J.P. Morgan Asset Management  is the investment arm of JPMorgan Chase & Co. and it is one of the largest active asset managers in the world.