The financial sector on the JSE has no doubt been a disappointment as far as returns go. Not only has it underperformed other sectors year-to-date, but also on a five-year total return basis.
Much of that underperformance can be attributed to the disastrous sell-off in the property sector.
That said, the banking sector has also been a laggard this year. And even though this may continue until the end of this calendar year, our banks are still a horse I would bet my money on.