Gartmore managers call end to financials slide

The managers of Gartmore’s Corporate Bond and High Yield Corporate Bond funds are adding to their bond positions in a number of banks and other financial institutions. Gartmore remains confident in the sector despite RBS calling for the largest rights issue in corporate history last month and Bradford & Bingley’s u-turn on its own cash call earlier this week. The managers have noted a marked improvement in investor sentiment and say the new supply of investment grade paper has been readily absorbed by investors. "We have become increasingly positive about financials following the sh...