Egypt unrest shows value of the UK

ON UK GROWTH

SVM's Neil Veitch explains how recent geopolitical events have reinforced the relative stability of the UK.

Looking through this week’s papers, two stories dominate: the tension in Egypt and the decision by Pfizer to close its flagship UK research centre. While neither event appears to have much relevance for UK equity investors, they both highlight in their own way the strength of the UK market. In recent years, the secular bull arguments in favour of emerging market equities have been rehashed a number of times by a succession of analysts. Although emerging markets should continue to catch up with their developed counterparts over time in an open global economy, in the absence of structural ...