Bank of America has reshuffled its sector outlooks, raising Utilities to "overweight" while downgrading Energy to "market-weight."
The changes come as elevated volatility and policy uncertainty drive a recalibration of investment strategies. According toSavita Subramanian, Bank of America's head of U.S. equity strategy, the shifting economic and political landscape has altered the risk-reward profiles of these key sectors.
Utilities: Defensive Hedge With Growth Potential
Subramanian argues that Utilities, as tracked by theUtilities Select Sector SPDR Fund(NYSE:XLU), long regarded as a defensive sector, have become increasingly attractive in the current rate environment.
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