Murray bets on long-term banking story

As Blue Planet launches open-ended funds, Murray is bullish on the underlying investments case for financials

Having built his business on three investment trust offerings, Blue Planet's Ken Murray is to enter the arena of the open-ended fund at the beginning of next year. Focusing solely on the financials sector, the firm currently offers Worldwide Financials, European Financials and Financials Growth & Income trusts with the Oeic planned as a mirror version of the global portfolio. With the sector the largest on a global scale, Murray is confident it will continue to outperform due to the fact that practically all people in all countries need to use banks. Pointing out that the main sectors 200...