LGIM's Launder: Why we have broadened our 'technology' definition

Choices in sector have narrowed

clock • 2 min read

The horizons for UK economic growth are currently impeded by ongoing uncertainty about the shape and outcome of Brexit negotiations. As a result, investors have been increasingly concerned about the UK equity market.

The FTSE All-Share index has been flat since May, after a near 7% rise in the beginning of the year. A spectrum of factors have played a role in this plateau - from a weakened UK government following the election to North Korea testing missiles and nuclear warheads - but investors are equating the UK economy to the UK equity market and concluding growth will be hard to find. With 72% of FTSE 350 earnings generated overseas and with the global economy showing stronger growth - particularly in Europe, China and the US - we see plenty of scope for growth opportunities in the UK equity ma...

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