The only traditional fund manager investing in financials to make money for UK investors in 2008, believes the sector could rally another 20% over the next few months. His bullish stance comes as a recovery in bank stocks since last year's financial crisis helps to drive the wider market recovery.

In a conference call with financial advisers yesterday, Philip Gibbs, who manages a financials strategy at Jupiter Asset Management in London, offered a bullish view on the sector and said the next round of corporate earnings figures for financials would beat expectations, according to a Citywire report.