Ten UK equity funds getting biggest boost from Shell's giant BG offer

The ten funds getting biggest boost from BG deal

clock

Shell's £47bn takeover deal for BG Group has prompted a 40% rise in the company's shares - but which UK equity funds stand to benefit the most?

Shell's offer represents a 50% premium to BG's closing share price yesterday, but this disguises an dismal period for the liquid natural gas giant's shares in recent years. BG had already struggled with profit warnings prior to last summer's steep oil price fall, meaning as of the start of this week its shares stood 20% lower on a five-year view. The company makes up 1.5% of the FTSE All Share and 1.8% of the FTSE 100, but fewer than 10% of the 270 funds in the Investment Association UK All Companies sector numbered the stock in their top ten holdings as of end-February. Many more ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equities

Partner Insight: Are equities really overvalued?

Partner Insight: Are equities really overvalued?

Value dispersion means there are plenty of cheap opportunities

Gareth Jones
clock 09 February 2024 • 1 min read
Partner Insight: How much value is there in UK equities?

Partner Insight: How much value is there in UK equities?

‘As different as they are attractive’

The UK Equities Team at Invesco
clock 07 February 2024 • 1 min read
Partner Insight: The shift to value - still on course?

Partner Insight: The shift to value - still on course?

The tailwinds remain for value investing

Gareth Jones
clock 06 February 2024 • 1 min read