'Of Course I'm Going to Open a British ISA,' Fund Award Winner Says

Picking up the Morningstar award for best UK equity fund, Warren Shiels says he thought Jeremy Hunt's Budget approach to UK investing was 'underwhelming'

Ollie Smith 8 March, 2024 | 1:46PM
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Ollie Smith: Collecting tonight's Morningstar Fund Award for Best UK Equity Fund is Warren Shiels from Man Group.

Warren, I have to ask you, we're talking unloved UK companies this week. Will you be buying a British ISA and filling it with unloved UK companies?

Warren Shiels: Without doubt, Ollie, I definitely will be. I think, from our point of view, it was quite an underwhelming budget yesterday. We thought there was a lot more opportunities to get UK investors investing into the UK, whether it's through ISA investors, as you point to, or pension funds, because they're heavily underweight UK equities. We hope there might be some changes in the future, but yeah, yesterday was very underwhelming. But I will be investing into UK equities with the new British ISA.

OS: Just very quickly – congratulations on the award – what do you think has contributed to this moment in winning the award?

WS: That's a great question. So, I think, it's without a doubt, been a partnership with Morningstar. So, the fund and the strategy has been rated for 10 years now, which is fantastic. So, it's been the same team, same process, philosophy. And I think this is a reflection of the last 10 years.

OS: Awesome. Warren, very nice to meet you. Congratulations. Have a lovely evening.

WS: Cheers. Thank you.

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Ollie Smith

Ollie Smith  is editor of Morningstar UK

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