Investors should stay away from what they perceive as “safe sectors”, such as consumer staples and telecommunications, as they have accumulated more debt, according to Shaniel Ramjee, London-based senior investment manager for multi-asset at Pictet Asset Management.
![Pictet AM: 'Safe sectors' no longer safe](https://s34456.pcdn.co/wp-content/uploads/2018/03/Shaniel-Ramjee-Pictet-640x360.png)