PA Portfolio: Is now the time to buy into UK banks?

Nick Train, UK equity manager and co-founder, Lindsell Train UK banks are too difficult for us at the moment; we are not sure about them. On the other financials, we have substantial exposure to companies that do well when stock markets or financial services do well, like Schroders, for example. We have also got a big investment in the London Stock Exchange, which is a pretty good proxy for market sentiment. Strategically, we still love these businesses, but everybody ought to have a look at where we have come from to where we are today. If you look at the low point for these types of ...