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 PLC3,083.00 GBP0.00
Aviva PLC404.60 GBP0.00
Barclays PLC185.70 GBP0.00
CMC Markets PLC536.00 GBP0.00
Countryside Properties PLC521.50 GBP0.00
DFS Furniture PLC275.00 GBP0.00
Forterra PLC291.00 GBP0.00
Galliford Try Holdings PLC128.70 GBP0.00
Glencore PLC288.70 GBP0.00
Halfords Group PLC380.40 GBP0.00
HSBC Holdings PLC437.40 GBP0.00
Ibstock PLC228.20 GBP0.00
JOHCM UK Equity Income A GBP Acc4.00 GBP0.25
Kingfisher PLC343.90 GBP0.00
Lloyds Banking Group PLC43.26 GBP0.00
Lookers PLC71.00 GBP0.00
Morgan Sindall Group PLC1,892.00 GBP0.00
Norcros PLC275.00 GBP0.00
Standard Life Aberdeen PLC301.50 GBP0.00
Vistry Group PLC1,166.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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