Deep Dive: Money manager says it’s time to move away from this year’s hot stock sectors

If you follow the stock market, this year’s story is familiar: Real-estate investment trusts, utilities and other stocks with attractive dividend yields have been very rewarding. But if you are looking for growth in your portfolio, this may be the right time to switch directions, according to Mariann Montagne, senior investment analyst and portfolio manager at Gradient Investments.

Looking at the 27 REITs included in the S&P 500 SPX, -0.08% 14 have returned at least 12%, with dividends reinvested, this year through Aug. 11. Meanwhile, the telecommunications sector, dominated by high dividend payers AT&T Inc. T, -0.25% (returning 31% so far this year) and Verizon Inc.

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