Alan Custis, head of UK equities at Lazard Asset Management, has rotated back into UK financials, in expectation the sector will continue to outperform in 2018 as interest rates and bond yields rise.
Custis (pictured), who manages the £178.46m Lazard UK Omega fund, had been sceptical of the sector in 2017, selling domestic-facing financials, including Provident Financial, and banks, such as Lloyds. ...
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