Why Neptune's Wintle is getting excited about US housing

Neptune's Felix Wintle has positioned the £400m US Opportunities fund to play the housing recovery theme as he predicts the sector is 10% undervalued when you consider the huge pent up demand about to hit housing starts.

The head of US equities also predicted there is around 2.3 million people waiting to form households and buy property, providing a massive boost to housebuilders and the industries surrounding the housing sector. "There is a lot to be excited about in the housing market. There has been a massive underbuild since the peak of the market in 2006, and housing starts have begun to rise after falling 80%," he said. "There have been lots of kids sleeping on sofas or basements at mum's as they have not had the confidence to go out and form a household. But as confidence, mortgage availability...