Lazard AM's Custis rotates out of UK consumer-facing stocks as Brexit concerns intensify
Buying stocks with overseas exposure
Alan Custis of Lazard
Alan Custis, head of UK equities at Lazard Asset Management, has been selling out of stocks exposed to the UK economy on concerns it will come under pressure from "suffering" consumer confidence as the Brexit deadline draws nearer.
Custis has been selling domestic-facing financials on his £154m UK Omega fund, while rotating into cyclical stocks with more global exposure. "We have been increasingly concerned about the UK economy,"...
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