Enquire, the Investor Relations podcast
Enquire, the Investor Relations podcast, is hosted by Equitory founder and CEO, Clara Melia. The purpose of Enquire is to bring together Investor Relations and Capital Markets professionals to share their experiences, best practice and offer listeners insights and ideas in the dynamic world of Investor Relations. Clara and occasional guest hosts from the Equitory team have the pleasure of having fascinating and informative conversations with some of the most experienced and well-respected people in the world of Investor Relations.
Enquire, the Investor Relations podcast
Episode 42: Wes McCoy - What IR Should Know About Market Cycles & the Overlooked UK Equity Market
Are we overlooking the UK equity market? It hasn’t incited the same level of excitement as the growth in the US market, but that doesn’t mean investors should disregard it. As Wes McCoy explains in this episode, even long market cycles come to an end, so are you prepared for what’s next?
Is UK Equity Due for a Comeback?
Wes is the Senior Investment Director at abrdn and has over 20 years’ experience in various roles within UK equity. He sits down with us to talk about why he thinks the UK market is overlooked but also why this could pose a great opportunity for investors planning for the long term.
We hear a bit of Wes’ backstory as he takes us through the highlights of his career journey to where he is today and how he came to build his fund that oversees 35 stocks. Wes explains the realities of market cycles and tells us the best and worst investments he’s made over the years; plus the biggest lessons each experience taught him.
Wes also shares some important advice for IR professionals on how to communicate better with investors and why trying to be everything for everyone is the wrong move.
In This Episode
- Wes talks about the challenge of fund outflows in the UK
- How we could reignite the London Stock Exchange
- The realities of market cycles
- Three priorities that Wes considers before investing
- Wes’ take on IPOs and advice for companies
- Red flags that would put Wes off from investing
- Wes shares some details of his own fund
- The best and worst investments Wes has made and what he’s learned
- What to look for in a fund manager
- What an ideal investor meeting looks like
- Advice for communicating with investors
Quotes:
“I’m a believer in value versus expensive.”
“Look out for a manager who owns their mistakes and attributes some of their success to luck. That's usually the right blend, not the other way around.”
“If companies can explain [their value] to you exceedingly well, it usually means they explain it well to customers and employees. The people that nail that are the people that have authenticity and don't put on different faces and masks for different audiences.”
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