Value Opportunities Among the Unloved: UK Stocks and European Banks

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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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