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Karen Robertson: Stock market reaction to BP is 'totally overdone'
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by Nicholas Paler on Jun 18, 2010 at 07:00
Karen Robertson, manager of the Standard Life Investments UK Equity High Income fund, shares her views on BP at the Citywire Selection Live! event held in London this week.
BP – one of the top holdings in the £830 million fund – remains a 'very cash generative company' which has been vastly oversold, she says.
Robertson also discusses the UK equity income sector more generally, saying corporate fundamentals are highly encouraging.
The fund features in Citywire Selection, the guide to our best investment ideas.
Since the interview was recorded BP cancelled its forthcoming dividend.
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