Telecoms stocks popular despite hard competition

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The telecoms sector in Europe remains in favour with fund managers despite deregulation, which intro...

The telecoms sector in Europe remains in favour with fund managers despite deregulation, which introduced strong competition into the market and put downward pressure on prices Fund managers agree that the sector offers good long-term growth prospects. However, June Jessop, European investment manager at Stewart Ivory, argues there are better opportunities elsewhere, particularly in the cyclical sectors, amid strong economic growth She says: "The telecoms sector has performed extremely well and it is an obvious area to take profits if you are moving into more cyclical areas The Stewart I...

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