FUND VIEW-Britannic to cut telecom, auto debt

Newswire

By Tom Burroughes

LONDON, Nov 14 (Reuters) - The head of Britannic Asset Management's UK retail corporate bond fund says he is looking to take profits from auto and telecom bonds, eyeing a switch to European bank debt over the coming months.

David Roberts, head of credit at Britannic and manager of its 370 million-pound ($625.1 million) bond fund, said corporate bonds in the carmaker, telecom and insurance sectors have enjoyed strong gains but it is now time to move ...

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