Managers still cautious on telecoms weightings

There are doubts as to whether the UK telecom sector will ever be able to fulfill its product promises, according to Derek Mitchell, director of pan-European equities at RSA Investments. He says: 'Telecom companies are looking very unsure in the UK and on a global perspective. Everything that was promised to be up and running by now has been pushed further back and there is doubt as to whether it is going to work at all.' RSA Investments remains cautious on the sector and is underweight telecoms across all its funds. The weightings across the various portfolios are aroun...