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Gutter Capital
Q2 2025 Sector Review

Infrastructure & Capital Deployment in a Rate-Normalising Cycle

Sector allocations have shifted as BoC signals a second cut. Our Q2 model tracks where institutional capital is moving.

K. Ashworth·May 28, 2025·12 min
Sector Performance — YTD
Sector YTD Signal
Energy +14.2% Overweight
Financials +8.7% Neutral
Materials +11.3% Overweight
Technology +17.8% Overweight
Utilities −3.4% Underweight
Model Portfolio
YTD Return
+14.3%
vs Benchmark
+2.1%
Sharpe Ratio
1.42
Beta
0.87
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