JOHCM's Beagles: 4 Areas We're Finding Value in the UK

The UK is out of favour with many investors, but the very heavy de-rating seen recently has thrown up pockets of opportunity, according to JOHCM's Clive Beagles

David Brenchley 10 October, 2018 | 9:31AM

Brick construction

The Bank of America Merrill Lynch fund manager survey for September shows global investors are underweight UK equities. Investor sentiment surveys from both Hargreaves Lansdown and Lloyds Private Banking paint a similar picture, with Brexit uncertainties clouding the outlook.

But Clive Beagles, manager of the Morningstar Silver Rated JOHCM UK Equity Income fund sees the “very heavy de-rating” UK stocks have experienced compared to the rest of the market as an opportunity.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Anglo American PLC1,984.40 GBX1.69
Aviva PLC278.10 GBX1.76
Barclays PLC111.54 GBX6.96
CMC Markets PLC333.50 GBX-1.19
Countryside Properties PLC343.60 GBX2.14
DFS Furniture PLC214.50 GBX4.63
Forterra PLC200.00 GBX2.04
Galliford Try Holdings PLC77.94 GBX3.59
Glencore PLC167.48 GBX1.47
Halfords Group PLC238.50 GBX2.80
HSBC Holdings PLC321.40 GBX4.71
Ibstock PLC179.20 GBX5.23
Kingfisher PLC320.10 GBX0.13
Lloyds Banking Group PLC29.29 GBX4.91
Lookers PLC21.00 GBX0.00
Morgan Sindall Group PLC1,196.00 GBX2.22
Norcros PLC173.00 GBX0.14
Standard Life Aberdeen PLC242.50 GBX0.66
Vistry Group PLC602.50 GBX5.42

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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