FSI Sector Allocation

FSI Sector Allocation - December 2023 Update

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After experiencing three consecutive months of decline in August, September, and October, the market sharply rebounded in November by 8.9 percentage points. This marked the best monthly performance of 2023, not only erasing the losses from August to October but also reaching the highest closing price of the year on the first trading day of December.

Sector-wide, the cyclical sectors generally led during the rebound. Technology, Consumer Discretionary, Financials were up by 12.7%, 10.8%, and 10.7%, respectively. Real Estate also performed well, increasing by 12.3%, only second to the leading technology sector. On the laggard side, Energy was the only sector that declined in November. Apart from Energy, defensive sectors generally trailed others, with Healthcare, Utilities, and Consumer Staples "only" increasing by 5.2%, 4.5%, and 3.7%, respectively.

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Sector ETF Allocation

Below is the high-level summary of the December Sector Allocation result.

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Sector RatingsAs we near the end of 2023, our research heads are dedicated to refining their 2024 outlook reports. To avoid spoilers, no c...

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