Banking call divides top UK managers

Whether or not to buy into banks has quickly become the divisive issue among UK fund managers. On t...

Whether or not to buy into banks has quickly become the divisive issue among UK fund managers. On the positive side are long-term heavyweights such as Anthony Bolton and Bill Mott, with the latter bullish on financials since the credit crunch began. Speaking to Investment Week earlier this year, he said investors will regret not buying consumer-facing stocks such as Persimmon and banks like the post-right issue RBS at knock-down prices. Reacting to RBS's £12bn rights issue, he said: "People will look back in three years and ask why on earth they failed to buy Green King at £5.20, Pers...