Investors have been fleeing UK equities since 2016. A combination of Brexit, political turmoil and a poor initial handling of the Covid-19 pandemic served to put the whole market under a black cloud. Yet in 2022, low starting valuations and a favourable market structure helped UK stocks post some of the strongest relative returns globally. So, in a world of higher inflation and lower growth, is this another false dawn or the start of a new era for UK equities? Join Richard Knight and Thomas Morris, Portfolio Manager and Product Specialist respectively from AllianzGI's UK equities team to explore why they believe a UK market rife with mispricing continues to offer meaningful potential for long-term alpha generation.
Allianz Global Investors
Fred joined Allianz Global Investors in 2021 and is responsible for wealth manager relationships across the Midlands, the North, Scotland, Ireland and Isle of Man. Fred has almost 10 years' experience in distribution and has previously worked at Ninety One (formerly Investec) and Harrington Cooper.
Allianz Global Investors
Henry joined Allianz Global Investors in 2019 and has responsibility for wealth manager relationships within the South and Channel Islands. Henry has over 17 years investment distribution experience and has previously worked with Carmignac, Henderson Global Investors and Lazard Asset Management
Richard is the lead portfolio manager of the Allianz UK Listed Opportunities Fund, and the co-manager of the Allianz UK Listed Equity Income Fund. He joined AllianzGI in November 2013, initially working in Global Emerging Market Equities. After gaining experience in a number of equity analyst roles, Richard joined the European Value & Income Investment Style Team in March 2018, with a focus on the UK market. He specialises in value and income investing and was formerly an analyst covering the European media and telecoms sectors. Richard became co-manager of the Allianz UK Listed Equity Income Fund in January 2020, and lead manager of the Allianz UK Listed Opportunities Fund in September 2022. He graduated from Lincoln College, Oxford University, with a degree in History and Politics, and also holds a masters (with distinction) in Global Economic History from the London School of Economics. Richard is a CFA® charterholder.
Thomas is a Product Specialist working across AllianzGI's Global Growth and UK Equity teams. He is responsible for AllianzGI's largest global equity strategy, as well as our flagship Sustainable equity product and a highly successful UK franchise. Tom joined AllianzGI in 2015 as part of the Global Communications team, where he was responsible for media relations across equity, fixed income and alternative asset classes. Previously, he was at the communications agency Fishburn Hedges. Tom has a degree in English from the University of Oxford, an MA in Broadcast Journalism from City University, and a Graduate Diploma in Finance from Birkbeck College. He also holds the IMC Designation from the CFA Society.