3 UK shares to buy yielding up to 17%
3 UK shares top stocks to buy now, according to Alex Harvey of Momentum Global Investment Management.


If you’re looking for UK shares to buy today, then Alex Harvey of Momentum Global Investment Management has a couple of ideas.
Indeed, the fund manager believes that the UK market offers some fantastic opportunities today, as many stocks trade at a deep discount to international peers following the country’s recent economic and political troubles.
Here are three UK shares to buy today according to Harvey’s analysis.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
UK shares to buy now
A cheap turnaround play: Jupiter Fund Management
The fund manager’s first pick is Jupiter Fund Management (LSE: JUP).
This company is a fund management business “catering to a loyal base of retail investors.” It is also making inroads into the institutional market.
Following the acquisition of Merian Global Investors in 2020, assets under management swelled to more than £65bn. However, in recent years the firm has “found itself caught in the middle between the mega-managers and the boutiques,” and assets have dwindled.
Harvey believes the new CEO Matthew Beesley will help push the business to change. He has been reviewing the fund range and looking to cut costs in an attempt to stabilise client outflows and increase profit margins.
Jupiter looks cheap, and this is its most attractive quality. “Even a halving of the well-maintained dividend (a conservative scenario) would imply a yield of nearly 10%” Harvey notes.
What’s more, when markets do “pick up” today’s price/earnings (p/e) ratio “will look cheap.”
One of the best UK shares to buy for income: TwentyFour Income Fund
The next pick is TwentyFour Income Fund (LSE: TFIF).
This closed-ended investment company owns a portfolio of European asset-backed securities (ABS).
These securities typically pay a “floating rate” coupon, which means the rate of interest fluctuates with the base rate. As such, unlike other debt securities with fixed yields, the payouts on these ABS instruments have been rising this year.
This should “help protect capital values compared with more rate-sensitive fixed-coupon bonds,” the fund manager explains.
TwentyFour has a team of experienced analysts who know what they’re looking for when it comes to debt, so the company seems well prepared to deal with an adverse economic climate.
After recent declines the fund is now trading with a forward dividend yield of 17%. “The fund offers equity-like returns with underlying asset security,” Harvey summarizes.
Bonds are becoming increasingly attractive
Finally, Harvey recommends the exchange-traded fund (ETF) iShares £ Corporate Bond 0-5yr UCITS ETF (LSE: IS15).
This fund owns sterling-denominated investment-grade corporate bonds with a maturity of less than five years.
Only around 40% of underlying exposure is to UK-listed companies, so this is a fund with global exposure.
However, following the recent UK gilt market turmoil, the yield on this investment-grade fund topped 7%.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Rupert is the former deputy digital editor of MoneyWeek. He's an active investor and has always been fascinated by the world of business and investing. His style has been heavily influenced by US investors Warren Buffett and Philip Carret. He is always looking for high-quality growth opportunities trading at a reasonable price, preferring cash generative businesses with strong balance sheets over blue-sky growth stocks.
Rupert has written for many UK and international publications including the Motley Fool, Gurufocus and ValueWalk, aimed at a range of readers; from the first timers to experienced high-net-worth individuals. Rupert has also founded and managed several businesses, including the New York-based hedge fund newsletter, Hidden Value Stocks. He has written over 20 ebooks and appeared as an expert commentator on the BBC World Service.
-
Inheritance tax raid sees families rush to take out life insurance to pay death bills
Life insurance sales surged last year as families looked for ways to to pay inheritance tax bills, following the Autumn Budget announcement that more assets could be charged
-
Families paying up to £5k for fake ‘asset protection’ trusts – warning signs to avoid
Fraudulent schemes are being misused, offer no real protection and can trigger unintended legal and tax consequences, lawyers have warned
-
How to cash in on overlooked British bargains offering both income and growth
Opinion Sue Noffke, manager of the Schroder Income Growth Fund, selects three UK stocks where she’d put her money
-
Beazley: a compelling specialist insurer
The insurer Beazley is unusually profitable at present, and that looks set to continue. The stock is also a valuable portfolio diversifier, says Jamie Ward
-
The problem with renewables trusts
The value of assets owned by renewables trusts is far more volatile than investors expected
-
To hedge or not to hedge, that is the question
The mechanics of hedging are very logical, but deciding when to add a hedge is rarely a simple decision
-
8 of the best houses for sale with separate accommodation
The best houses for sale with separate accommodation – from a converted 17th-century threshing barn in Monmouthshire, to a Grade II-listed Queen Anne house in North Yorkshire with four apartments in the stable block
-
The great Reit fire sale – where to find the best value
The real estate investment trust (Reit) sector offers some once-in-a-lifetime opportunities
-
The secret behind Sweden’s success
Opinion Sweden's stock market is in rude health, says Max King. Why can't Britain follow suit?
-
'The boom years for football are over'
Opinion Football is saturated. The goals will keep coming, but the money won’t, says Matthew Lynn