'Enormous' valuation dispersions make UK attractive hunting ground for stock pickers

Dispersion now in 'top 5% of extreme levels'

Extreme valuation dispersions in UK stocks have made UK equity markets among the most attractive globally for stock pickers, according to William Lough, manager of the ES River and Mercantile UK Dynamic Equity fund.

Valuation dispersion is near record highs in the UK as investors focus on an ever-narrower list of names, and this is creating opportunities for investors who are bold enough to move away from the stocks that have been winning recently. Deep Dive into UK equities: Time to hold your nerve? "The UK stockmarket is today among the most attractive globally from a stock picker's perspective, due to valuation dispersion levels being at historic highs," said Lough. "As a stock picker, the thing that makes the UK really interesting for me is the gaps between share prices. The difference bet...