Financials opinion divided in Euro equity sector

Contrasting weightings highlight difference of opinion among European equity managers, with SocGen holding almost a third while Eclectica has 2%

Divergent opinions on financials among European equity managers is seeing significant differences in weightings across the sector, with the Société Générale Continental Europe fund holding almost a third of its fund in financials while the Eclectica Continental Europe fund has just 2%. The average fund in the IMA's Europe ex UK sector has a 17.5% weighting in financials, according to Morningstar figures from 28 February to 31 December last year, while the FTSE World Europe ex UK benchmark is 19.5%. SocGen has the biggest proportion, with 30.43% in its Continental Europe fund, while othe...