By Jenne Mannion Anticipating further increases in US interest rates and the prospect of a falling b...
By Jenne Mannion Anticipating further increases in US interest rates and the prospect of a falling bond market, the £15.4m SocGen European Growth Unit Trust has maintained its underweight exposure to the financials sector Stuart Gilmartin, who runs the fund with Dino Fuschillo, said German banks in particular are inefficient and suffer from having a small share of the domestic business He is more positive on the outlook for retail banks in Southern Europe, where they are benefiting from the growth in mutual funds Launched in July 1998, the fund is ranked first of 94 funds over the year ...
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