Neptune's head of UK equities Jeremy Smith has outlined why his team remains underweight in financials, and has set out five key criteria which would need to improve before he would reinvest in the sector.
As a house, Neptune has been underweight in financials for just over a year, and as such its funds have been less adversely impacted by the credit crunch than many of its peers - Smith's own UK Equity...
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Responding to letter from Treasury Committee chair Nicky Morgan