Beagles adds to insurers on post-Japan sell-off

Clive Beagles has steered the JOHCM UK Equity Income fund to outperformance over one, three and five years.

Here he explains why there will be opportunities in the insurance sector after the  Japan quake, and why BP might not be seen in many income funds in future. Have you been adding to positions in insurers after the Japan crisis and subsequent sell-off? Rates had been soft but they were already starting to turn after Christchurch, and we expect that to continue. If you look what happened to stocks like Amlin when Hurricane Katrina hit in 2005, they fell about 7% and then jumped about 50%. Insurance rates rose sharply and we think that may happen again. So is this a buying opportunity? ...