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Fund managers shun banks, retailers

May 14 2010 12:34
Marc Ashton

Johannesburg - For the first time since taking charge of Investec's Value Fund in April 2000, leading fund manager John Biccard has removed any exposure to big four banking stocks and major retail groups.

"The outcome today for 'SA Incorporated' stocks needs to be very good to even come close to justifying the current ratings," said Biccard.

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investing  |  fund managers
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