Other funds the data suggests have a high general financials weighting include Jeffrey Taylor’s £2.2bn Invesco Perpetual European Equity fund, with a 30.5% position in the sector at end-March.
His top-ten holdings ING, Spanish group Caixabank (+4.46%) and Unicredit were positive yesterday.
James Sym’s £880m Schroder European Alpha Income also looked set to fare well from any broad financials recovery, thanks to its 34.7% weighting in the sector as reported by FE Analytics. His Schroder European Alpha Plus fund also ranks high in the financials-weightings league.
The £91m Liontrust European Enhanced Income fund run by Olly Russ is also overweight financials, though his top ten includes relatively more stable Nordic banks.
For those investors who remain sceptical about the prospects for the eurozone and Europe’s banking sector, there are funds reporting low weightings.
Rory Powe’s £591m Man GLG Continental European Growth Fund reported being 10.6% underweight banks at end-March.
