We have made the following adjustments to our US Equity Model Portfolio: On the one hand we have decreased our underweight in the energy sector because of the cold weather in the U.S. and the increase in the oil price (added Schlumberger, Attractive*). Utilities are new overweight (plus Duke Energy, Attractive*) and we further increased health care as the best defensive sector (plus Merck &Co, Attractive*).
On the other hand we clearly reduced our weight in the consumer discretionary and staples sectors (sell Coca-Cola, Attractive*), as well we decreased the financial sector to Neutral (sell Citigroup, Attractive*). Please see the actual and detailed weightings in the Model Portfolio documentation.
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