Fund managers tell us how they are playing the financials sector.
Richard Buxton head of UK equities, Old Mutual Global Investors St James’s Place It has felt pretty lonely being a UK bank shareholder in recent years, but in the case of my biggest holding – Lloyds – with the shares up over 50% this year, one feels rather less like a social pariah. The recent results demonstrated further progress in reducing bad debts, improving returns and moving towards a position of being able to resume dividend payments. With buoyant equity markets and increased savings flows, we still like Legal & General and St James’s Place, but these have also perfo...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes