Blue-chip manager says banks to be avoided

Large-cap stocks are relatively attractive, but not across all sectors, argues Lucy MacDonald, London-based chief investment officer of global equities at RCM. She says financials remain the sector to avoid among blue-chips, while other large-cap sectors are capable of sustainable earnings growth. Her recent market predictions for AsianInvestor magazine have been prescient. Interviewed for a survey on global equities for the March edition, she noted the lag in performance of larger gr…