Jupiter's Davies: Investors in big oil stocks should be very nervous

'Investors in big oil stocks should be very nervous'

The plunging oil price should prompt investors to reconsider their UK equity allocations, according to Steve Davies, co-manager of the £1.2bn Jupiter UK Growth fund.

Steve Davies has been co-manager of the £1.2bn Jupiter UK Growth fund since the start of 2013, and has run the company's £116m Undervalued Assets fund since the start of 2012. Both funds are top quartile in the IMA UK All Companies sector over those time periods, as well as over one and three years, according to FE. It has been a quick rise for Davies (pictured), who only moved to the buy side in 2007 when he joined Jupiter as a UK equity analyst. Looking ahead, however, he sees reasons for caution: specifically the 2015 UK general election, which he describes as the "most binary" fro...