Finding value in UK equities

By Mark Martin, Investment Director & Head of UK Equities

Register for a live update on 9 July at 14.30 with Mark Martin, who will be discussing Chancellor George Osborne’s ‘emergency’ summer budget, the UK equity landscape post May’s General Election and his outlook for the second half of 2015. Mark will also highlight the portfolio positioning and performance of the UK Opportunities and UK Mid Cap funds.

Click here for more information

The Neptune UK Opportunities Fund is currently overweight the mid- and small-cap areas of the market as we believe these areas suffer from the greatest inefficiencies and therefore present the best opportunities to find value. We are focused closely on valuations, avoiding sectors where profit margins are close to all-time highs and sentiment is consensually bullish. For example, momentum style stocks — such as UK housebuilders — have had a tremendous run since 2010 and are now trading at, or near, all-time-high price-to-book values. Given these valuations, the Neptune UK Opportunities Fund is currently overweight quality and value style stocks rather, and has no exposure to housebuilders. Instead, we favour companies exposed to the housing cycle, such as Carpetright.

Read full article


Important information

Investment risks 

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. The content of this article is formed from Neptune’s views and we do not undertake to advise you as to any change of our views. Neptune does not give investment advice and only provides information on Neptune products. This is not a solicitation or an offer to buy or sell our funds.

Recommended

Pension wise logo
2

FCA reveals Pension Wise policing plans

The FCA has revealed how it will be policing the organisations providing Government-backed guidance service Pension Wise. In a policy statement published today, the regulator says if guidance providers fail to comply with its standards it can recommend redress is paid to users as well as steps to prevent future failures. Guidance providers are not […]

Budget: Osborne to ‘name and shame’ serial tax avoiders

Chancellor George Osborne has promised to further attack tax evasion and avoidance in today’s Budget, promising to name and shame evaders. As part of a raft of measures seeking to raise more than £5bn in tax receipts, Osborne said the Government will seek to “name and shame” serial users of tax schemes deemed to exceed the […]

2014-Budget-George-Osborne-Walks-Away-with-Box-700.jpg

Tax tweaks and benefit cuts: What to expect from today’s Budget

Chancellor George Osborne will reportedly use the first Conservative Budget in almost 20 years to unveil a new tax cut for middle income earners by raising the level at which workers pay a 40p tax rate. The plans were first hinted at by Prime Minister David Cameron at last year’s Conservative party conference, at which Cameron […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com