Premier's Dawes: UK equities are better value than they have been for 130 years

UK Growth fund buoyed by well-performing companues

UK equities are essentially more attractively valued "than they have ever been", according to Premier Asset Management's Benji Dawes, whose research shows equity risk premia (the valuation discrepancy between average UK dividend yields and 10-year gilt yields) is greater than it has been since the 1800s.

The manager, who heads up the £121m Premier UK Growth fund alongside Jon Hudson, told Investment Week there are "lots of opportunities" available for stockpickers in today's environment, especially when looking "beyond the headline index level" for opportunities.  Allianz GI's Utermann: Irrational behaviour makes hard Brexit more likely "If we look at valuations of UK equities, the opportunity lies in that they are more attractively valued than they have ever been - you have to go back to the 1880s until there was a time when the equity risk premia was as high as it currently is, so i...