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Invesco Perpetual's Walker names his top stock picks for 2013
by James Phillipps on Jan 16, 2013 at 10:34
‘I favour the non-voting shares as they trade at a significant discount to the ordinary shares. Once the cash is stripped out, the stock is trading on a P/E multiple of 9.5 times expected 2013 earnings.’
In keeping with his backing of non-bank financials, Resolution is another stock that should benefit from longer-term stock market growth. He points to the insurer’s healthy 8.3% yield and notes its large group pensions division should benefit from its operational gearing, much like Schroders.
Over three years to 15 January the Invsco Perpetual UK Aggressive fund has posted growth of 36.4% compared to an IMA UK All Companies sector average return of 27%. The UK Growth is up 21.1% over the same period.
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Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Dylan Lobo on Jun 19, 2013 at 09:33