UK equities – where is the next big opportunity?

Added 16th June 2017

UK equity fund managers tell us where they are finding value, despite the FTSE's recent heights.

James Illsley of JPM UK Equity Core Fund suggests that 7,500 on the FTSE 100 says absolutely nothing about valuations – which are 20% below the long-term average on a cyclically adjusted price ratio – while the index still yields 4%.

Tineke Frikkee, manager of Smith & Williamson UK Equity Income Fund, is finding opportunities in areas affected by concerns over discretionary spending, as well as construction and outsourcing companies.

Elsewhere, Guy Walker, manager of UBS UK Equity Income Fund, and Margaret Lawson of SVM UK Growth Fund both favour banks.

Christopher Metcalfe of Newton UK Income Fund, Paul Spencer of Franklin UK Mid Cap Fund and Investec UK Equity Income Fund manager Blake Hutchins, also share their views.

 

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Gary Shepherd

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Portfolio Adviser

Gary joined Last Word Media in 2009, becoming editor of Portfolio Adviser a year later. Previously, he worked at Incisive Media with roles across its Professional Adviser, Investment Week, Bloomberg Money and Mortgage Solutions titles. Gary has been shortlisted for various awards, winning Headline Money Investment Writer of the Year in 2010.

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