Analysis of UK housing market and investment in house builders

Guy Anderson, fund manager of Mercantile Trust, joins Val Cipriani on the latest IC Interviews podcast. The trust is run by JP Morgan and is built on a bottom-up approach, focusing on quality UK mid-caps with strong cash flows that will accumulate dividends over time. 

In this episode, the two discuss the drivers behind the trust’s success and investment process, opportunities in the UK stock market, M&A activity and more.

Timestamps

00:58 UK mid-caps

4:28 The UK stock market

8:13 Red flags for gearing

10:20 - The metrics that sound out when picking a stock 

12:23 - Sectors that stand out and opportunities 

15:20 - The risk of getting the recovery wrong 

17:16 - 4imprint 

20:44 Why exposure to housebuilders has gone up

28:24 AI

30:49 M&A activity 

35:47 Dividends 

38:02 The trust’s approach to discounts

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