Gartmore UK media bias

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Gartmore has moved to an overweight position in media stocks across its UK portfolios in a bid to ca...

Gartmore has moved to an overweight position in media stocks across its UK portfolios in a bid to capture returns in what it sees as a strong growth area. Tim Gregory, head of UK large cap-retail at Gartmore, said that the media sector has joined telecoms, support services and IT among the main overweight positions designed to deliver growth in the group's UK portfolios. Gartmore was previously underweight in media stocks, particularly content providers, but has moved to an overweight position this year by buying into stocks such as Reuters. The move has been fuelled by developments incl...

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