Our very own Simon Jackson has been quoted in the latest CityWire article, ‘Bang for your buck! 11 wealth managers’ top UK ISA fund picks’, which features experts’ best ideas for the new UK ISA pot.

Simon is one of 11 wealth managers asked to reveal their top fund picks for the new UK ISA, unveiled in the Spring Budget, which gives investors an additional £5k allowance for investment in promising UK businesses.

While the jury is out as to whether the UK ISA will boost investment into UK equities- and it’s certainly cheaper from a valuation perspective compared to the likes of the US- some believe it will do little to alleviate the situation for UK stocks, while others, including Simon, have a more optimistic outlook.

Simon’s fund pick to invest in the UK ISA is the JOHCM UK Equity Income fund run by Clive Beagles and James Lowen. His reasoning is that the team has been in place for a number of years and invests across the UK equity market cap spectrum with a healthy weighting to small and mid-caps, as well as some large-cap UK equities. At present, the fund currently yields above 5% with positive dividend growth predicted over the coming year.

He comments: “The fund is trading on very low multiples, with high dividend cover. The team highlights that many stocks held in the fund have the potential to grow substantially from their current price as well as paying a healthy dividend that should grow over time. Beagles and Lowen also highlight that the fund has hardly ever been as cheap and as high quality as it is now, which is a constructive opportunity for long term investors.”

Last year, MAIA was shortlisted within two categories in CityWire’s Wealth Manager Investment Performance Awards 2023: Best Balanced Portfolio and Best Small Firm, providing industry recognition of the team’s capability, expertise and commitment to delivering the highest levels of service and performance.

If you would like information about MAIA’s range of managed portfolio options, please don’t hesitate to get in touch. We would be delighted to hear from you. Call us on 01564 796870 or email: info@maia-am.co.uk

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