Lyttleton: Financials attractive but uncertainty remains

clock

Regulatory issues are holding BlackRock's Mark Lyttleton back from increasing exposure to financials, as he says valuations look attractive.

Lyttleton, who manages the £1.5bn UK Dynamic Fund, has a 17.4% weighting in financials and is more optimistic about prospects for banks but there is still uncertainty over future regulation. He says: "We don't think the bank sector is un-investable; on the contrary, we think there are some quite interesting opportunities, it's just a matter of timing them correctly." He adds: "Over time it will become more apparent what's going on with more of the solvency issues and you get more clarity from regulators about capital . "As time goes by the banks work through some of their bad debts...

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

More on Investment

7IM's Ben Kumar: When behavioural biases are not all they seem

7IM's Ben Kumar: When behavioural biases are not all they seem

Investment identity more important

Ben Kumar
clock 02 July 2025 • 3 min read
Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Trustpilot