Gervais Williams: Industrials lead income generation in FTSE 250


The renaissance in UK manufacturing is a welcome rebalancing after two decades of import reliance, says Gervais Williams, managing director of MAM Funds.

Many have overlooked the fact the pound has declined more on a trade-weighted basis than when the currency was ejected from the ERM in 1992. So, since the peak in 2007, there has been a renaissance in British manufacturing. After two decades of growth in consumption and possibly an over-reliance on cheap imports, this rebalancing is much needed. This is helping to rebalance the economy currently. The question for investors is how long this new trend can be expected to last, and how they can position to take advantage of the new trend. The FTSE 250 has much greater diversity of scale, ...

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