British Industry on US exchanges

British Industry on US exchanges
Components Performance/Risk
Period Return
13.0%
Return Rank
Below Average
Risk Exposure
Average Risk

With our selective approach, the theme highlights the critical importance of the aerospace and defense industries, including closely related businesses of engineering and fluid control specialties, in the UK economy

We observe that the close industrial integration of aerospace in Europe (with France and Germany) – though absent from public discourse – is not likely, and certainly should not be dissolved by any form Brexit might take in the coming years.

The future of the sector, of paramount importance to the British government, depends on deepening relations with European partners, no matter what political posturing is deemed unavoidable in the short term

We include Melrose Industries because the investment company specializes in the acquisition of underperforming businesses, with a special focus on engineering, metering and power generation, signaling potential future developments of UK industry

We hope to further discuss UK industries (chemical specialists, construction and infrastructure…) as the reality of UK-EU relations becomes incontrovertible

Theme Components
Name
Ticker
Sector
Industry
Cur. Price
Mkt. Cap
Performance
Momentum
Risk Rank
Risk Contrib
 
LyondellBasell Industries LYB Industrial GoodsChemicals - Major61.7219 B12.3% Neutral Above Average
BAE Systems (ADR) BAESY Industrial GoodsAerospace/Defense - Major Diversified104.90-4.4% Neutral Average Risk
Rotork RTOXF Industrial GoodsElectrical Components, Connectors & Sensors6.00-57.9% Weak Up Average Risk
Weir Group (ADR) WEGRY Industrial GoodsEngineered Products & Materials17.28--3.9% Neutral Average Risk
Qinetiq Group (ADR) QNTQY Industrial GoodsAerospace/Defense - Engineered Systems26.96--2.0% Weak Up Average Risk
Rolls-Royce Holdings (ADR) RYCEY Industrial GoodsAerospace/Defense - Engineered Systems18.17-34.6% Neutral Average Risk
Babcock International (ADR) BCKIF Industrial GoodsAerospace/Defense - Engineered Systems14.54-2.8% Neutral Above Average
IMI IMIAF Industrial GoodsEnergy & Fluid Control Systems/Pumps & Filters36.75-25.2% Neutral Low Risk
Spirax - Sarco Engineering (ADR) SPXSY Industrial GoodsEnergy & Fluid Control Systems/Pumps & Filters47.05-11.7% Neutral Average Risk
Melrose Industries MLSPF FinanceInvestment Holdings & Private Equity6.27--12.4% Neutral High Risk
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