Euro managers feel benefits of financial underweights

Europe ex-UK managers avoid crunch backlash by making selective plays in materials, soft comms and pharma and avoiding troubled financials

All the top Europe ex-UK fund managers have benefited from adopting early financials underweights to avoid any credit crunch catastrophes. The very best have also benefited from selective plays in areas such as materials, soft commodities and pharmaceuticals. Runaway performer Rob Burnett from Neptune continues to outstrip all competition in the sector and has increased his lead over the pack from 20.4% in January to 25.8% now. This is the biggest lead over rivals currently enjoyed across onshore sectors. When Investment Week last surveyed the sector in January, Burnett's £542.8m Ne...