From Morningstar: 2024-10-08 06:09:00

The JO Hambro UK Equity Income fund, rated Silver by Morningstar, has returned 17.47% year-to-date, outperforming the Morningstar UK All Cap Index. Factors contributing to this include M&A activity, strong performers like Barclays and NatWest (+50%), and domestic stocks like Marks & Spencer and Currys anticipating growth. NatWest’s new chief executive, Paul Thwaite, is expected to maintain the bank’s core strength in SME lending, with potential profit increases driven by higher interest rates and lending volume growth post-Covid. The UK’s private sector balance sheet is strong, with a significant increase in deposits compared to loans, suggesting potential for increased consumer spending with increased confidence and certainty in the economy.



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