To describe 2020 as an unpredictable year would be the understatement of this very young decade. One of the biggest surprises has been the resilience of global asset markets.
However, UK equities were an exception, delivering one of the worst performances of any major equity market globally at -15%. While this underperformance was spectacular, it was not a departure from trend. Over the past ten years, in GBP terms, the UK has underperformed global equity by a staggering 150%. But as investors turn their backs on the region, does the UK present an investment opportunity for the contrarian investor? So far this year, the FTSE 100 has been the best performing major market. The question is: will this trend continue? After years of underperformance the...
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