Fidelity's Himsworth: We are holding extra liquidity to exploit Brexit-related market dips

It is easy in times of political fear and uncertainty to be 'trapped in the headlights' as opposed to thinking ahead and investing for the future. According to the latest Bank of America Merrill Lynch fund manager survey, global investors have been selling UK stocks at their fastest rate since May 2016.

Factors such as looming trade wars between the US and seemingly the rest of world, and the prospect of Brexit are spreading fear through markets, with the latter point making the UK look highly appealing at current levels on a forward price to earnings ratio of 13.9x, a median yield of 3.5% and earnings growth of 7.5%.  It is at times such as these that the wise choice is to stand back from this noise and review matters from afar, away from the press commentary and day-to-day market antics. Sentiment towards UK assets hit in July as Brexit concerns weigh The first point we should re...