Back to banks?
Opportunities have returned to the banking sector but have to be carefully picked out, argues Hamish Douglass of Magellan.
Much has been written about the challenges facing the banking sector and investors have remained cautious about financials as a result. Yet after several years of government assistance plans, regulatory creep, and a prolonged re-ordering of balance sheets, select banks now offer real promise on both sides of the Atlantic. In this video, Hamish Douglass shares his thoughts on where to find good share value in the banking sector.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The opinions expressed are those of Hamish Douglass and are subject to market or economic changes. This material is not a recommendation, or intended to be relied upon as a forecast, research or advice. The views are not necessarily shared by other investment managers or St. James’s Place Wealth Management.