HSBC banks on rally in the financial sector

Tim Russell is in the process of upping his exposure to large cap stocks in the HSBC UK Income & Growth fund bel-ieving a liquidity-led market rally is forming. Russell, who has headed the fund since its inception on 31 July 1998, said economic indicators show a build up of liquidity, which he believes will drive the market principally through large cap stocks. The areas that Russell is focusing on increasing weightings are financials and selected high beta stocks in the technology sector, both areas which he believes will lead the rally. He is reluctant to reveal his exact strategy bec...