This translation has been automatically generated and has not been verified for accuracy.Some encouraging words for all the retirees who hold defensive stocks in sectors like utilities, pipelines and consumer staples: You’re doing the right thing.
“These [stocks] have a more conservative profile that reduces the risk of losses while at the same time keeping a healthy allocation to equities, which offer superior long-term returns compared to bonds,” Sunder Ramkumar, senior vice-president of client analytics at Capital Group in Los Angeles, writes in the report.Mr. Kumar says that high-beta stocks are riskier and more volatile, but deliver higher returns over the long term.
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