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
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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 PLC3,147.00 GBP0.00Rating
Aviva PLC417.30 GBP0.00Rating
Barclays PLC180.40 GBP0.00Rating
CMC Markets PLC487.50 GBP0.00
Countryside Properties PLC491.00 GBP0.00
DFS Furniture PLC300.00 GBP0.00
Forterra PLC272.50 GBP0.00
Galliford Try Holdings PLC125.00 GBP0.00
Glencore PLC329.10 GBP0.00Rating
Halfords Group PLC395.00 GBP0.00
HSBC Holdings PLC436.95 GBP0.00Rating
Ibstock PLC232.20 GBP0.00
JOHCM UK Equity Income A GBP Acc4.16 GBP0.49Rating
Kingfisher PLC341.50 GBP0.00Rating
Lloyds Banking Group PLC48.40 GBP0.00Rating
Lookers PLC66.70 GBP0.00
Morgan Sindall Group PLC2,195.00 GBP0.00
Norcros PLC328.00 GBP0.00
Standard Life Aberdeen PLC284.70 GBP0.00
Vistry Group PLC1,257.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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