Bevan of CCLA Says 'Buy' UBS, Utility Stocks Attractive: Video

James Bevan, chief investment officer at CCLA Investment Management in London, talks with Bloomberg's Rishaad Salamat and Naga Munchetty in London about his recommendations for European banking stocks including UBS AG and Credit Suisse Group, and the valuation of oil, utility and mining companies. UBS, Europe's largest bank by assets, reported its first quarterly loss in almost five years today after declines in the U.S. subprime mortgage market led to $4.4 billion in losses and writedowns on fixed-income securities. Bevan helps manage $10 billion. (Source: Bloomberg)

Bloomberg | October 30, 2007

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