JOHCM's Beagles snaps up wealth managers

clock • 3 min read

J.O. Hambro Capital Management's Clive Beagles has opened new positions in wealth managers and increased exposure to certain banks in his £2.9bn UK Equity Income fund.

The manager (pictured) added holdings in Brewin Dolphin and Investec (which has a Wealth and Investment arm) in the first half of the year, to sit alongside an existing position in Charles Stanley. Brewin Dolphin was first introduced to the fund in February, and this position was subsequently increased on share price weakness in June. Beagles said: "The lower short-term growth prospects [revealed in recent company results] should be a transitory issue. With excess capital, the business looks cheap. "Combined with Charles Stanley, the aggregate position in this consolidating area is...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot