James de Uphaugh: De-globalisation could benefit UK market

Achilles heel to become benefit

Kathleen Gallagher
clock • 3 min read

James de Uphaugh, manager of the £1.2bn Edinburgh Investment trust, believes a combination of ‘nearshoring’ and the make-up of the FTSE will benefit the UK market in coming months.

In an interview with Investment Week following the trust's latest annual results, the manager said a combination of ESG concerns, the war in Ukraine and supply chain issues as a result of Covid has meant there is "a degree of nearshoring" as corporates look to de-risk. "I think that the UK has certain companies which do benefit from that, because we as UK stock market have been quite pioneering, I think, in terms of our approach to ESG," de Uphaugh said. Nearshoring is when companies move their operations to a nearby or domestic country from a further-out source, something which has b...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week