Which UK bank is Investec's Mundy snapping up?

clock • 1 min read

Investec's stockpicking veteran Alastair Mundy has bought into Royal Bank of Scotland after a change of sentiment towards elements of the UK's beaten-up banking sector.

Having avoided most of the UK’s banks in his £2.2bn Cautious Managed and £631m UK Special Situations funds because of concerns over potential nationalisation, Mundy told Investment Week he has recently snapped up some RBS shares to take advantage of the extremely depressed price. “The valuation on RBS got so low it was either saying, it is going bust or returns will be very low forever,” he said. “It has some very good businesses, such as Natwest, which are attractive. As for the risk of it going bust, we do not think the number of skeletons in the cupboard will be that big, especiall...

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

Over a quarter of younger investors own crypto as overall optimism on the rise in July

Over a quarter of younger investors own crypto as overall optimism on the rise in July

Optimism up from May figures

Sorin Dojan
clock 23 July 2025 • 2 min read
Partner Podcast: What clients really want from their managers

Partner Podcast: What clients really want from their managers

Listen to the latest postcast with Honor Solomon, CEO for EMEA and Head of EMEA Retail Sales, at AllianceBernstein

Honor Solomon, CEO for EMEA and Head of EMEA Retail Sales, at AllianceBernstein
clock 22 July 2025 • 1 min read
Dimensional's Kaitlin Hendrix: Counting the cost of index rebalancing

Dimensional's Kaitlin Hendrix: Counting the cost of index rebalancing

Reconstitutions can hurt returns

Kaitlin Hendrix
clock 18 July 2025 • 4 min read
Trustpilot