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 PLC1,352.00 GBP0.00
Aviva PLC268.50 GBP0.00
Barclays PLC97.37 GBP0.00
Bovis Homes Group PLC572.00 GBP0.00
Carpetright PLC  
CMC Markets PLC165.60 GBP0.00
Countryside Properties PLC291.40 GBP0.00
DFS Furniture PLC117.00 GBP0.00
Forterra PLC174.80 GBP0.00
Galliford Try PLC118.00 GBP0.00
Glencore PLC124.00 GBP0.00
Halfords Group PLC80.25 GBP0.00
HSBC Holdings PLC466.55 GBP0.00
Ibstock PLC148.30 GBP0.00
JOHCM UK Equity Income A GBP Acc2.59 GBP-0.80
Kingfisher PLC144.35 GBP0.00
Lloyds Banking Group PLC34.40 GBP0.00
Lookers PLC18.50 GBP0.00
Low & Bonar PLC6.54 GBP0.00
Morgan Sindall Group PLC1,178.00 GBP0.00
Norcros PLC133.00 GBP0.00
Standard Life Aberdeen PLC233.50 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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