UK

We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.

Impact of political turmoil and Brexit

As May agrees 31 October extension

Brexit-proof companies

'May see success of unpopular calls once again'

Opportunities in domestically oriented stocks

UK equities had a positive start to 2019. While this can be partly viewed as a rebound after 2018's difficult final quarter, what is likely to have been most significant is an extraordinary U-turn by the US Federal Reserve.

AUM dropped 6%

Total net inflows of £42.6bn

Absolute return ‘continues to disappoint’