Neil Veitch, manager of the SVM UK Opportunities fund, has said the period of heavy fines for UK financials is coming to an end, with renewed dividend payments by Lloyds marking the sector's transformation into a safer investment option.
The manager (pictured) of the £104m fund has been increasing his exposure to financials every month since June to reach a weighting of 22.7% against the IA UK All Companies sector average of 15.5%, including...
European Commission relents to pressure
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