Alexandra Jackson, manager of Rathbone UK Opportunities, discusses the challenges faced by the UK equities market, examining the impact of global events, rising bond yields, and third-quarter results on investor sentiment. Alexandra provides a nuanced perspective on the housing market, particularly focusing on Rightmove's resilience amid competition. Alexandra shares her views on the UK's economic fundamentals, valuations, and why investors should keep a keen eye on the market in 2024.

What’s covered in this episode: 

• Poor performance of the FTSE 250 in October
• Do high interest costs affect holdings?
• The importance of cash on a company’s balance sheet
• Why companies are being more cautious
• The mixed view of UK investor sentiment
• Outflows in UK equities
• The investment case for Rightmove
• Why Rightmove is “unassailable” 
• Clinical trial company Ergomed and their private equity bid
• Should investors back UK equities in 2024?

More about the fund: 

Rathbone UK Opportunities is a truly active and nimble multi-cap fund with a clear bias in favour of quality growth. Structural winners are balanced out with a strong core of high-quality compounders. The final portfolio consists of around 50 to 60 holdings, with a bias to mid-cap stocks. 

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.