Haig Bathgate comments in the Scotsman on Investing in Banks

Sunday, July 08, 2012

Our chief investment officer, Haig Bathgate commented on the current issue of whether private investors should hold money in the banking sector after its biggest names once again made headlines for all the wrong reasons.

Haig suggested “I’d personally recommend that generally people avoid investing new money for the time being – the good quality names such as HSBC are fully priced and there is still too much uncertainty surrounding the partially state owned entities and eurozone banks.”

Haig comments further on the uncertainty that faces the banking systems and suggests that “the risk of investing in this sector is high with no real visibility of where the return may come from. With the continued failure of the western banking sector more generally to clean up its act, I’d be avoiding for the time being.”

To read the whole article, click here.