UK equities: Overvalued or still in the ascendancy?

THE BIG QUESTION

clock • 11 min read

With the UK equity market recovery still at the forefront of investors' minds, Investment Week asks the industry whether their views on domestic equities are due a reappraisal.

Max King portfolio manager and strategist, Investec AM multi-asset team Large-cap earnings struggling The UK still suffers from structural weaknesses; notably a low rate of savings and investment, a refusal to recognise its competitive strengths and weaknesses, deeply divided politics, and an overvalued exchange rate. The political class still hankers after a bygone industrial age, and taxation and monetary policy favours borrowers over savers The odds are, as so often before, economic success will lead to complacency and a new cycle of disappointment. The principle problem for U...

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