Top 18 pension funds with the highest direct exposure to BP shares

trusto

There has been lots of stories today about how the fall in BP's share price has potentially wiped billions from UK pension funds.

I've been trying on and off for most of the day to find more info on which pension funds have the highest exposure to BP. I eventually found this personal finance blog that has analysed over 2,500 funds and highlighted the top 18 funds with the highest direct exposure to BP shares

moneytothemasses.com/2010/06/02/the-pension-investment-funds-with-the-biggest-exposure-to-the-bp-share-slump

Thought it was worth sharing seeing how long it took me to track the info down

lvader

All have less than 10% in BP, so a drop of 33% in BP's value would only affect funds by a maximum of around 3%. Unfortunately most other shares have dropped 10-20% as well, either way the effect from BP alone is quite modest.

dunstonh

The share price is not far away from what it was this time last year. Also, remember that the share price will go back up again once the leak is sealed and if the political rhetoric goes away.

bendix

trusto wrote: »

I've been trying on and off for most of the day to find more info on which pension funds have the highest exposure to BP. I eventually found this personal finance blog that has analysed over 2,500 funds and highlighted the top 18 funds with the highest direct exposure to BP shares

You obviously have far too much time on your hands.

As others have said, BP will form a tiny part of any pension fund and the fall, while large in relative terms, only takes the share price back to its position 12 months ago. Big deal.

The share has been massively oversold and would - I suspect - be on many fund manager's lists of potential buys at this price.

Thrugelmir

dunstonh wrote: »

The share price is not far away from what it was this time last year. Also, remember that the share price will go back up again once the leak is sealed and if the political rhetoric goes away.

Unfortunately that won't be the end of the story. The cost to BP in both monetary and damaged reputation terms will be enormous. Also if the dividend is cut in order to build a cash buffer to fund the repatriation works then the share price could hit the doldrums for an extended period.

dunstonh

Thrugelmir wrote: »

Unfortunately that won't be the end of the story. The cost to BP in both monetary and damaged reputation terms will be enormous. Also if the dividend is cut in order to build a cash buffer to fund the repatriation works then the share price could hit the doldrums for an extended period.

i was wondering this earlier today actually. Is the BP name tarnished forever and a rebrand going to become necessary. One thing BP has in its favour is that it has low debt. 14 billion against company worth of 84 billion. A short term hit may be a bad thing for those that have the shares but it will be an opportunity to others.

Thrugelmir

dunstonh wrote: »

i was wondering this earlier today actually. Is the BP name tarnished forever and a rebrand going to become necessary. One thing BP has in its favour is that it has low debt. 14 billion against company worth of 84 billion. A short term hit may be a bad thing for those that have the shares but it will be an opportunity to others.

BP is disliked in the USA due to the fact its British and supplies around 25% of the market. Americans are by nature very protectionist and would like to get their hands on BP's American assets.

tocsin

HL's website has an article today giving the thoughts of income fund managers on the BP situation.

purch

My Pension has 0.85% of it's assets held in BP stock.

(it was a bit more a few weeks ago........but c'est la vie :eek:)

mitchaa

Surely the best time to invest in BP?

Thrugelmir

mitchaa wrote: »

Surely the best time to invest in BP?

No annoucement on dividend policy until end of July. So huge uncertainty in the short term.