Stock valuations have been “depressed” due to the pessismistic post-Brexit consensus in the UK, Woodford added, when in reality record UK employment, normalising credit conditions and the fact banks are now repaired all point to improving conditions.
Student housing company Watkin Jones, materials business Eurocell and Topps Tiles and retailer Card Factory were all included in Woodford’s April shopping spree, as were several real estate businesses such as British Land, Hansteen, Londonmetric and Sirius Real Estate.
In the April portfolio update, Mitchell Fraser-Jones said the team at had been “keen to take advantage of what we see as a compelling, contrarian opportunity in domestic stocks”, expecting the UK to enter a phase of growth and stability.
