Managers keep faith with Italy ahead of PM Renzi's make-or-break referendum
Renzi (right) called an October plebiscite on overhauling the constitution's decision-making process
European fund managers are continuing to hone in on Italy's 'cheap' equity market, despite the poor performance of the country's banking sector in the EU's recent stress tests and uncertainty surrounding a key referendum in October which could cause more political upheaval.
Stress tests carried out at the end of July found Italy's financial sector ranked among the weakest in Europe, despite the launch of a €4.3bn government-backed rescue fund earlier this year to bail out...
