More to financials than just the big 4

Livewire Exclusive

Livewire Markets

It’s unusual to see a more than 30% allocation to financials with virtually no big banks in the mix. We had a chance to ask David Poppenbeek from K2 to run through his fund’s positioning and to explain the rationale when we sat down for an exclusive interview recently.

David told us that they have just 5% in the major banks, saying that ‘they just can’t make them work’ due to their internal problems. Sidestepping the big four, the fund’s biggest holding is Macquarie, which has been working well for them. In this video David discusses two other financials he prefers, including one ‘bank that people like’ and one that could be a potential takeover target.

Never miss an exclusive

Stay up to date with the latest Livewire content by hitting the 'follow' button below and you'll be notified every time we post a wire.

In addition to identifying undervalued stocks, K2 has the ability to actively manage equity market exposure and currency exposure as well as having the ability to short sell. To find out more, hit the contact button below or visit their website for more information.


1 contributor mentioned

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.