Financial services is by far the most owned sector among retail investors, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro.
In the study of 10,000 retail investors across 12 countries, 61% say they hold financial services stocks, with technology the second most owned sector at 40% and energy third at 35%. All three industries have been in focus over the last 18 months with energy and tech stocks outperforming, and financial services stocks expected to build momentum as the world’s second biggest and one of the cheapest sectors benefits from the combination of lower interest rates and stronger loan growth.
