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.
- 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