View the article online at http://citywire.co.uk/wealth-manager/article/a733669
Neptune’s AA-rated man likes Rathbones but not financial ‘cockroaches’
by Robert St George on Feb 19, 2014 at 13:44
Martin points to research indicating a strong correlation historically between such valuations in the UK and subsequent returns, which from a starting P/E of 13 have tended to be followed by annualised returns of around 7% through the next decade.
He concedes, though, that he is now less risk tolerant than he was in 2009 and 2010. Then he snapped up cheap stocks, which has propelled him to the absolute pinnacle of the IMA UK All Companies category on a three-year view. Through that period he has returned 94%, compared with 34% from his peer group and 49% from the FTSE 250.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this:
Look up the funds
Look up the shares
- Barclays PLC (BARC.L)
- Royal Bank of Scotland Group PLC (RBS.L)
- Standard Chartered PLC (STAN.L)
- Rathbone Brothers PLC (RAT.L)
- Shanks Group PLC (SKS.L)
- Carpetright PLC (CATVU.L)
- Lloyds Banking Group PLC (LLOY.L)
Look up the fund managers
On the road
by Himanshu Singh on Apr 19, 2014 at 05:21