What happens when Brexit casts an additional cloud on beleaguered financials valuations? Watch our video for Causeway portfolio manager Conor Muldoon’s take on UK-listed financials.

 

Key insights

  • Brexit uncertainty has created steep discounts for UK-listed securities, including banks
  • No rate rises required: European banks have used this past decade to streamline operations and boost earnings and capital positions, yet still offer cheap valuations and high dividend yields
  • In order to capture high dividend yields and participate in a recovery rally, we recommend owning value now
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