The sector that’ll explode in February: fundie

Ask A Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, AMP Ltd (ASX: AMP) portfolio manager Dermot Ryan reveals which sector he thinks is way too overvalued and which one is ripe for a rally.

The Motley Fool: What’s your fund’s philosophy?

Dermot Ryan: We’re a tax-aware income manager that manages money for retirees and accumulators in Australia, who can benefit from banking credits and high levels of dividends.

MF: Even though you’re income-focused, do you invest in all types of shares to get that outcome — or are you purely focused on dividend stocks?

DR: We take a cyclical approach to the market. So in times where we think the market…