SocGen sees US rate rises

clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •