‘Sell in May and go away’ may not hold sway this year

PETALING JAYA: Emerging market investors may have less of a response to the “sell in May and go away” adage this year as markets have been down in the past three months, suggesting that investors will hold on to their current holdings and buy more shares when opportunities arise amid generally positive prospects.

According to data provided by Citi Investment Research, markets have been weaker (minus 3% in the past three months) compared with the same period during the big “sell in May” years (average 3-month gain of 5%).