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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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Anglo American PLC2,912.00 GBP0.00Rating
Aviva PLC399.70 GBP0.00Rating
Barclays PLC197.82 GBP0.00Rating
CMC Markets PLC279.00 GBP0.00
Countryside Properties PLC477.40 GBP0.00
DFS Furniture PLC271.50 GBP0.00
Forterra PLC265.00 GBP0.00
Galliford Try Holdings PLC190.70 GBP0.00
Glencore PLC390.55 GBP0.00Rating
Halfords Group PLC290.60 GBP0.00
HSBC Holdings PLC434.20 GBP0.00Rating
Ibstock PLC190.30 GBP0.00
JOHCM UK Equity Income A GBP Acc4.34 GBP0.99Rating
Kingfisher PLC332.30 GBP0.00Rating
Lloyds Banking Group PLC49.12 GBP0.00Rating
Lookers PLC64.60 GBP0.00
Morgan Sindall Group PLC2,370.00 GBP0.00
Norcros PLC332.00 GBP0.00
Standard Life Aberdeen PLC257.00 GBP0.00
Vistry Group PLC1,195.50 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk