Summit Notebook

Exclusive outtakes from industry leaders

Audio-JPMorgan underweight utilities

June 12, 2007

chakrabortti.jpg Abhijit Chakrabortti, global equity strategist at JPMorgan, told the Reuters Investment Outlook Summit that his firm is underweight utility stocks and other sectors sensitive to bond yields. “These sectors, with bond yields going up, have no valuation support whatsoever,” he said.

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