Financials look forward to recovery

m&G's david jane is favouring the us and continental europe in anticipation of an impending global market upswing

David Jane is bullish on the outlook for the global financial sector on a medium-term view as he sees the long sought-after economic recovery beckon. Jane has managed M&G's Global Financials fund since launch on 2 March 2001. The fund invests in financial stocks around the globe but is favouring the US and Continental Europe, in anticipation of a strong rebound from the sector on the back of an impending market upswing. The £30.14m M&G Global Financials fund typically has about 60 holdings, with selection driven by bottom-up stock selection, married with the house's top-down projecti...