Burvill overweight manufacturing

manager of gartmore cautious managed fund sees stocks benefitting from cheaper materials

Chris Burvill, manager of the Gartmore Cautious Managed fund, has taken an overweight stance on manufacturing stocks, which he expects to benefit from cheaper materials costs this year. Burvill is currently running 56% of his portfolio in equities and said the negative factors that led to the decline of manufacturers in recent years could turn around this year, driving a return to performance. He said that looking to an economic upturn and an improvement in sterling, raw material costs are likely to come down. As such he is keen on basic and general industrials, including engineering an...