It is possible to invest in nation’s thirst for all things financial – banks, asset managers and financial technology companies are benefiting as people utilise some of their lockdown savings
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:52, 20 March 2021 | UPDATED: 14:47, 21 March 2021
One of the unexpected effects of the pandemic is that we’ve become more interested in our money – whether we are saving or investing it, or ensuring that we pass it on effectively to our children.
It is also possible to invest in the nation’s combined thirst for all things financial. Banks, asset managers and financial technology companies are all benefiting as people utilise some of their lockdown savings…
Longstanding wealth management companies have enjoyed a flood of new clients as people have sought to get on top of their financial affairs, often empowered by extra savings accumulated during lockdown. Nick Brind is manager of £245million investment trust Polar Capital Financials.
He is positive about the outlook for listed wealth management companies such as Rathbones and Brewin Dolphin which he says ‘offer attractive opportunities for patient investors’…
Although funds such as Polar Capital Financials and Jupiter Financial Opportunities hunt down attractive investments across the global financial services industry, many mainstream UK investment funds have significant exposure to financial stocks.
James Carthew, head of investment company research at analyst QuotedData, likes Augmentum Fintech. He says: ‘It is invested in a range of exciting financial companies including Interactive Investor, which has one of the UK’s fastest growing investment platforms, and crowdfunding platform Seedrs.’
The only issue, he says, is that its shares are expensive, trading at a significant premium to the value of its assets. Carthew also likes investment trusts Finsbury Growth & Income – run by well known fund manager Nick Train – and Polar Capital Global Financials.
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