JOHCM's Savvides: Investors should take a glass half-full view on the UK

Unemployment at 50-year low

Despite lagging most major developed stockmarket indices in 2017, the FTSE All-Share index is trading at an all-time high.

But there are some pockets of value out there in what is a relatively unloved and under-owned UK market.  The current extremely negative sentiment towards domestically-oriented UK stocks presents selective opportunities, particularly in the consumer services sector in the form of some retail names and in the support services space via companies reliant on government spending. Woodford and Barnett hit as Capita shares plunge 45% following profit warning Many of these stocks come with negative earnings momentum and/or substantial investor short interest predicated on perceived struct...