Oil, gas and mining companies have caught the eye of JPM income manager Thomas Buckingham. He explains why a contrarian call on miners could be a winner.
In a world with UK interest rates having been at 0.5% for over five years, not only do investors need an alternative source of income, but UK corporates are even better equipped to provide it. April has seen a very notable move in UK equity markets. While the market dropped less than 1% during the month to 17 April, there has been a significant rotation with investors moving away from speculative, expensive growth names and looking to de-risk their portfolios. This creates a significant opportunity for lower risk income stocks, many of which have been unloved for some time. Miners ...
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