Jeremy Grantham on Global Sectors: Overweight Utilities, Underweight Tech

More from GMO's Jeremy Grantham, this time the asset allocation of the GMO Global Equity Strategy from the Q2 report, showing Grantham's views on global industry sectors:

Quick explanation: the numbers below are GMO's Global Equity Strategy weighting of each asset class relative to its benchmark in the MSCI World Index. A negative number means that GMO is bearish (relatively) on the asset class and thus underweights it; a positive number means GMO is bullish on the asset class and thus overweights it:

Sector Weights

• Consumer Discretionary +1.4%
• Consumer Staples -2.2%
• Energy +1.2%
• Financials +0.4%
• Healthcare +0.4%
• Industrials -1.4%
• Information Technology -4.6%
• Materials -0.1%
• Telecom Services +/-0.0%
• Utilities +4.9%

Full report is available on the GMO website.