“Why would you put money into the US at an all-time high when you could put it into the UK at half the price?” 💬
Ken Wotton, Fund Manager, WS Gresham House UK Smaller Companies Fund, comments on the outlook for the UK market in an article for Trustnet.
Despite the underperformance in the UK market in comparison to its US counterpart, the opportunity to invest in undervalued UK companies that have fundamentally strong business models is a missed opportunity for many.
Ken highlights XPS Self Invested Pensions as an attractive UK-listed opportunity that combines a significant runway for growth with solid fundamentals and cash flow.
https://lnkd.in/eFmNqw_S#smallcap#ukequities#valuations | Capital at risk. Not an investment recommendation. Opinions are the fund managers own and not necessarily those of Gresham House.
Its the herd mentality, folks will pay more than twice as much for stocks because others are. Crazy when you see how cheap UK stocks are compared too US stocks..
Ken raises a critical point—UK small caps offer significant value, yet they’re often overlooked in favour of currently overpriced US equities. Investing in fundamentally strong businesses isn’t just about returns; it’s about supporting the UK’s economic future. The opportunity is here right now!
If you are interested in private credit secondaries, I highly suggest you read the below story where our CIO, Craig Bergstrom, shares his comments on this space.
Our Managing Partner and Chief Investment Officer, Craig Bergstrom, recently spoke with Lydia Tomkiw of Pensions & Investments about the growth of private credit secondaries and Corbin’s experience in the market, having completed its first investment 20 years ago. Amid a recent uptick in activity over the last 5 years, Craig explained that private credit secondaries are in the early innings and that he expects the market to continue to mature.
Read the full story here: https://lnkd.in/eMkRZ5vT
Some great observations on the growth in private credit secondaries in the article below. I can personally attest that the quality in our pipeline of credit secondary deals continues to improve; started late last year and has continued into 2024. The returns have been great in what is a less traveled space of the “private credit” market. And as our CIO Craig mentions in the article we are still in the early innings!
Our Managing Partner and Chief Investment Officer, Craig Bergstrom, recently spoke with Lydia Tomkiw of Pensions & Investments about the growth of private credit secondaries and Corbin’s experience in the market, having completed its first investment 20 years ago. Amid a recent uptick in activity over the last 5 years, Craig explained that private credit secondaries are in the early innings and that he expects the market to continue to mature.
Read the full story here: https://lnkd.in/eMkRZ5vT
Consultancy, Collaboration, Introductions, Business Development, Discretionary & Advisory Investment Management, Dealing with Advice and Execution Only Services, to Private Clients, Trusts, Pension Funds and Charities
With apologies to Tim Hogg for using his opinion piece of a week ago, but I feel compelled to comment reflecting Mike Cosgrove’s comment to the article:
The UK stock market isn’t “dying” (awful use of language IMO). Self perpetuation of such negative narrative doesn’t help at all.
There are material structural, regulatory and therefore political hurdles to be addressed - but how about the Power of Positive thinking for a change?
The UK 🇬🇧 #financialservices sector remains one of the best there is, including its #markets - I will keep saying it; whether it’s The Conservative Party or The Labour Party (or a coalition) government is up next, there’s a need to tap in to the expertise and experience that exists across the industry to effect positive and real change.
Take the work being done by Ros Altmann and Ben Conway on Investment Trust charges. The Securities Industry Management Association, PIMFA - Personal Investment Management & Financial Advice Association, Transparency Task Force are just a few of the groups as well as markets like PrimaryBid, Aquis Stock Exchange, Asset Match Limited, JP Jenkins to name a few.
The drive to lower costs is causing #investment propositions to be homogenised - how is that in consumer best interest I question - we are crying out for #entrepreneurs to have #incentives and to get back to British Basics.
Whether you agree with it or not - I believe Brexit gives us that once in a generation opportunity.
It’s time for Big Bang 2….no more negative narrative. That’s my view anyway…others welcome - #respectfulcommunication.
✌️🇬🇧✌️🇬🇧🕊️
Behavioural Economist | Director at Fairer Finance
Call me old fashioned, but I'd rather my pension fund generated high returns than invested in UK stocks!
Arbitrarily forcing greater weighting towards the UK would also reduce my overall diversification - as the rest of my economic life is quite UK dependent already.
IMHO introducing patriotism into investing is usually at odds with generating good consumer outcomes.
https://lnkd.in/e47V9hyt
Consultancy, Collaboration, Introductions, Business Development, Discretionary & Advisory Investment Management, Dealing with Advice and Execution Only Services, to Private Clients, Trusts, Pension Funds and Charities
So there we have it…will the 🇬🇧 #ISA even get off the ground??? https://lnkd.in/e8u3h_Kh
I said all along, the devil will be in the detail of the #budget2024. To find out that we are now going to go through a consultation phase until the end of June…one has to be sceptical whether one of the main stimulus to investing in British Companies announced by Jeremy Hunt will even get to a reading?! So the many column inches, #socialmedia posts etc dedicated to this have all been most likely in vain!
Or have they????!!!!
If the impact was also supposed to be to stimulate interest in #investing in the #stockmarket in the UK then possibly it might be the best #marketing campaign we have seen for a while. However, the sceptic in me says that’s not the case - I suspect thats me giving too much credit. 🤷🏻♂️
Service providers are also indicating that it would be a headache to administer - the need to keep it seperate to make it easy to see that an investor isn’t breaking the rules seems to be causing issues.
So what I say - don’t we all want to get behind a campaign that ultimately, if we can get more retail investors using the many markets we have - be that London Stock Exchange, Aquis Stock Exchange, PrimaryBid then that’s a positive, and can only lead to renewed engagement!
IMO, it feels to me as though those not happy as to the idea are missing the point: whichever way you want to slice it, it’s a huge uplift in percentage terms as to the tax free allowance available for a #consumer to invest.
Add to the fact that the 2% NI cut means a 4% cut since the start of the year - why not use the cuts to add to your pension contributions? https://mol.im/a/13173913
…and if you’re short on ideas as to where to invest here’s an article from the MailOnline again: https://mol.im/a/13180073
As I’m determined to stay positive, I also think this article from that source regarding “4 pillars of strength” of the UK #economy is worth a read: https://mol.im/a/13176883
I, for one, am determined to stop the negative narrative - and promote the #powerofpositivity!
Views welcome provided you can be #respectful
✌️👍🕊️
p.s. BTW, I don’t see the concern as to how a British ISA causes an issue re #consumerduty (see Robbie Constance’s post https://lnkd.in/eghN-Hvn )
Some are saying consumers are being directed as to how to invest and that having a 20% weighting to UK #investments isn’t appropriate - bemoaning that in relation to world indices, the UK is a small #allocation. Whilst true in equity terms, it looks as though a wider Investment Universe 🌍 than just #equities will be considered.
The argument against it is extended by the comparison of the growth we have seen in US valuations as compared to UK - neatly summed up by the MailOnline: https://mol.im/a/13174493
See, I can do #balance
Behavioural Economist | Director at Fairer Finance
Call me old fashioned, but I'd rather my pension fund generated high returns than invested in UK stocks!
Arbitrarily forcing greater weighting towards the UK would also reduce my overall diversification - as the rest of my economic life is quite UK dependent already.
IMHO introducing patriotism into investing is usually at odds with generating good consumer outcomes.
https://lnkd.in/e47V9hyt
Analysis of pension data globally shows there is one big story – an uptick in positive net sales in global large cap equities.
Find out why and whether we think this trend will continue.
#pensioninvesting#globalequities#investmentdatainsights
Private investor.
5dIts the herd mentality, folks will pay more than twice as much for stocks because others are. Crazy when you see how cheap UK stocks are compared too US stocks..