Concerns that UK equity valuations look overstretched are misplaced, according to Threadneedle head of UK equities Simon Brazier.
Given the recent rally in UK equities, investors may harbour concerns that valuations have become overstretched. However, on a P/E ratio of approximately 11x, the UK is one of the cheapest developed markets....
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In June 2016, immediately before the Brexit referendum, a curious thing happened.