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25 October 2018

Redmayne Bentley’s Top Trades

Below we take a look at the most frequently traded shares through Redmayne Bentley over the last couple of weeks and consider why they have been so popular.
 
SMITHSON INVESTMENT TRUST
(SSON)
Index: MAIN MARKET
Sector: Equity Investment Instruments
Market Capitalisation: £853.85m
 
Terry Smith’s new Small and Mid-Cap investment trust raised a record breaking total of £822.5m when it launched recently. Strong demand from private investors saw the trust cruise past the initial £250m target, even surpassing the revised target of £600m. Simon Barnard, a former Goldman Sachs global equity fund manager, will take the lead alongside Will Morgan, also formerly of Goldman Sachs, with Terry Smith providing input on final decisions. Following the core FundSmith strategy, the trust will focus on buying good companies at fair prices, with preliminary holdings including the likes of Fever-Tree and Halma.
 
ROYAL DUTCH SHELL (RDSB)
Index: FTSE 100
Sector: Oil & Gas Producers
Market Capitalisation: £202,171.58m
 
Royal Dutch Shell’s share price has come under pressure in recent weeks. Saudi Arabia’s threat to use its “influential and vital role” as the world’s largest oil exporter to threaten its western allies following the death of journalist Jamal Khashoggi generated a supply scare for the world’s oil supermajors. Renewed US sanctions on Iran and the collapse in Venezuela’s crude production have acted as further reminders of how volatile global energy markets can be. Recent success in its share disposal programme has, however, provided some positive sentiment.
 
LLOYDS BANKING GROUP
(LLOY)
Index: FTSE 100
Sector: Banks
Market Capitalisation: £40,452.90m
 
Despite warnings early in the month from the UK’s competition and consumer watchdog to improve its payment protection insurance policies Lloyds have enjoyed a strong trading period. Following its break up with Standard Life Aberdeen, Lloyds have entered a wealth management joint venture with Schroders and is pursuing a “strategic partnership” with BlackRock. The banking group have also announced plans to buy back £2bn worth of shares in 2019, doubling this year’s tally in a sign of the group’s confidence despite the current uncertain economic environment.
 
Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews.
 
Please note that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. Past performance and forecasts are not a reliable indicator of future results or performance. Please note that this communication is for information only and does not constitute a recommendation to buy or sell the shares of the companies mentioned.
Redmayne Bentley’s Top Trades
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