A staple diet of U.S. dividend stocks

Mackenzie fund's David Ginther goes defensive.

Sonita Horvitch 23 May, 2012 | 6:25PM

David Ginther, senior vice-president at Waddell & Reed Investment Management Inc., is putting greater emphasis on consumer staples and health-care stocks in the U.S dividend portfolio he manages.

At the same time, Ginther, who is an energy specialist, has reduced the portfolio's weighting in that sector.

This is in keeping with his generally more defensive approach to the equity market, given "the macroeconomic uncertainties." There is a question mark, he says, over the pace of global economic growth and the related demand for key commodities, such as oil.

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Sonita Horvitch

Sonita Horvitch  

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