CFA CFA Level 1 Defensive and non-cyclical industries

Defensive and non-cyclical industries

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    • Avatar of RoyDRoyD
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        Well consumer staples are like bread, sugar, milk, water maybe even electricity etc. It’s not like you’re going to stop eating coz the economy is down.

      • Avatar of tingwuwangtingwuwang
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          i thought water, gas, electricity were under utilities?

        • Avatar of RoyDRoyD
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            I just came across that chapter today. So both consumer staples and utilities are defensive and non-cyclical. They are in the same category. They are all necessities and so have inelastic demand

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