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 PLC3,072.50 GBP0.00Rating
Aviva PLC386.00 GBP0.00Rating
Barclays PLC169.38 GBP0.00Rating
CMC Markets PLC452.50 GBP0.00
Countryside Properties PLC522.00 GBP0.00
DFS Furniture PLC267.00 GBP0.00
Forterra PLC296.00 GBP0.00
Galliford Try Holdings PLC157.70 GBP0.00
Glencore PLC323.60 GBP0.00Rating
Halfords Group PLC367.60 GBP0.00
HSBC Holdings PLC403.30 GBP0.00Rating
Ibstock PLC212.20 GBP0.00
JOHCM UK Equity Income A GBP Acc4.06 GBP0.27Rating
Kingfisher PLC374.80 GBP0.00Rating
Lloyds Banking Group PLC46.52 GBP0.00Rating
Lookers PLC66.40 GBP0.00
Morgan Sindall Group PLC2,345.00 GBP0.00
Norcros PLC306.00 GBP0.00
Standard Life Aberdeen PLC283.80 GBP0.00
Vistry Group PLC1,191.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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