Blue Whale adds Charles Schwab to top ten as interest rates rise

PayPal and Meta removed

James Baxter-Derrington
clock • 1 min read
Manager of LF Blue Whale Growth Stephen Yiu
Image:

Manager of LF Blue Whale Growth Stephen Yiu

Blue Whale Capital has added £123bn financial services company Charles Schwab to its top ten holdings, as a play to benefit from rising interest rates.

The firm explained that "with over 50% of revenues derived from interest on cash balances on account, Charles Schwab is a beneficiary of a rising interest rate environment", adding that any rate rises from the Federal Reserve "should result in significant revenue uplift". Its recent takeover of TD Ameritrade and strong inflows were also cited as positives for Charles Schwab, which was initially invested in by manager of LF Blue Whale Growth Stephen Yiu in September 2021. Nintendo 'biggest disappointment' of 2021 for Blue Whale's Stephen Yiu Yiu exited positions in both PayPal and M...

To continue reading this article...

Join Investment Week

  • 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 Unit trusts/OEICs

GMAP Dynamic also received a red rating

Property fund raises red flags at Royal London

Assessment of Value report

James Baxter-Derrington
clock 04 August 2022 • 2 min read
Total funds under management have fallen on the previous year, down to £1.4trn from June 2021’s £1.5trn.

Every asset class suffers outflows in second worst month on record

Responsible investment holds up

James Baxter-Derrington
clock 04 August 2022 • 2 min read
Artemis UK Special Situations and GAM Star Japan Leaders have retained A ratings

Artemis and GAM retain Square Mile ratings following major departures

Derek Stuart and Reiko Mito

James Baxter-Derrington
clock 02 August 2022 • 2 min read
Trustpilot