Henderson snaps up stakes in Barclays and BP

clock

Veteran UK equity income fund manager James Henderson has moved up the market cap spectrum in his £70m Henderson Opportunities trust, buying up positions in Barclays and BP.

Henderson (pictured), who typically hunts for value outside FTSE-100 names, said the market has mis-priced the merits of both stocks. Speaking to shareholders earlier this week as the trust reported six month numbers to the end of April - a period which has seen the company deliver a total return of 21.3% compared to the FTSE All Share index return of 14% - Henderson said he is increasingly finding more opportunities in large cap names. "We moved up the size scale and bought Barclays and BP. With the former we feel too much emphasis has been placed on past management and the investmen...

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

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Trustpilot