JPM UK Dynamic: Finding the most promising IPO listings is a challenge

UK EQUITIES

John Baker, Jonathan Ingram and Blake Crawford, managers of JPM UK Dynamic fund, tell Investment Week where they have seen value in the UK IPO market.

We take a behavioural finance driven approach to stock picking and the bevy of new listings on the market has been providing investment opportunities which combine together the key characteristics we seek in stocks: value, momentum and quality.  Bolstered largely by robust consumer spending, the UK economy has staged an impressive recovery, currently outpacing the rest of the Western world. The boost in confidence from a more buoyant macro backdrop has fuelled IPO optimism, to the extent that the last quarter of 2013 ranked as the third largest in terms of IPO activity in the last dec...