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

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

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...

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