Valuations on UK equities compared to their own history and versus continental and global peers potentially put fund managers in a state of readiness as they await the next move in interest rates.
Out of favour
The suggestion that the UK market is ‘cheap’ and unloved is dominating the finance pages, with many commentators expecting an acquisition flurry from private equity and overseas investors.
UK economic growth flatlines in April
The asset’s poor image is perhaps best personified by UK-based insurance and pension funds, which owned 52% of UK equities in 1990 but only own arou…
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