Revealed: The Fund Managers Betting On Banks

Morningstar data reveals more than 10 funds invest in HSBC, Barclays, RBS and Lloyds in their portfolio as this week five major UK banks posted mixed 2016 results 

Karen Kwok 24 February, 2017 | 11:02AM
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This week five major UK banks revealed their 2016 results – to mixed market response. Royal Bank of Scotland (RBS) this morning reported a ninth consecutive year of losses, reporting a £7 billion annual loss. Shares in the bank fell 3% in early-morning trading.

RBS is not the biggest FTSE faller however, as Standard Chartered  (STAN) is down today 5% after disappointing results, while shares of HSBC (HSBA), Barclays (BARC) and Lloyds Banking Group (LLOY) each fell in early trading. Unlike Barclays and Lloyds, which both reported jumps in annual profits, RBS and HSBC posted disappointing earnings this week.

Yesterday, UK equity income fund manager Neil Woodford admitted that US and UK banks were looking more attractive, leading to expectation they may appear in his new Income Focus fund, due to be launched next month.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aegon UK Equity GBP A Acc303.55 GBP0.13Rating
Artemis Global Income R Acc1.45 GBP-0.99Rating
ASI UK High Income Equity R Inc72.39 GBP0.04Rating
Barclays PLC180.00 GBP0.00Rating
BlackRock UK Income A Acc1,720.00 GBP0.00Rating
Franklin UK Equity Income A Inc2.32 GBP0.04Rating
HSBC Holdings PLC440.00 GBP0.00Rating
Invesco UK Opports (UK) (Acc)709.17 GBP-0.03Rating
JOHCM UK Equity Income A GBP Acc4.08 GBP-0.17Rating
JPM UK Dynamic A Net Acc2.04 GBP-0.20Rating
Jupiter UK Special Situations L Inc188.91 GBP-0.64Rating
Lloyds Banking Group PLC46.68 GBP0.00Rating
NatWest Group PLC191.00 GBP0.00Rating
Ninety One UK Special Situations A Acc1,333.49 GBP-0.52Rating
Schroder Income Acc94.64 GBP-0.66Rating
Schroder Recovery A Acc226.11 GBP-0.48Rating
Schroder UK Equity Acc24.88 GBP-0.32Rating
Standard Chartered PLC508.00 GBP0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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