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 PLC2,663.50 GBX-5.31
Aviva PLC348.50 GBX-0.57
Barclays PLC148.80 GBX-2.66
CMC Markets PLC427.50 GBX2.64
Countryside Properties PLC419.00 GBX-1.50
DFS Furniture PLC231.00 GBX0.65
Forterra PLC257.50 GBX0.00
Galliford Try Holdings PLC128.00 GBX0.08
Glencore PLC279.90 GBX-1.79
Halfords Group PLC299.00 GBX-0.17
HSBC Holdings PLC403.25 GBX-1.21
Ibstock PLC199.00 GBX-1.68
Kingfisher PLC269.40 GBX-3.65
Lloyds Banking Group PLC35.94 GBX-1.43
Lookers PLC21.00 GBX0.00
Morgan Sindall Group PLC1,554.00 GBX-0.51
Norcros PLC212.50 GBX-0.23
Standard Life Aberdeen PLC304.30 GBX-1.17
Vistry Group PLC923.50 GBX-1.91

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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