F&C looks to increase exposure to banks

Foreign and Colonial Eurotrust manager Peter Jarvis is looking to increase his exposure to banks. T...

Foreign and Colonial Eurotrust manager Peter Jarvis is looking to increase his exposure to banks. The £433m trust is currently underweight the sector, but Jarvis is looking to increase the position. "There are some opportunities, but we will stay clear of highly geared mortgage lenders. With the price drops, it makes sense to make use of opportunities there," he said. This trust is also underweight in basic resources, utilities and chemicals, but overweight in technology, healthcare, industrial goods and services, and oil and gas. Geographically, it is overweight in Greece, and a favour...