Charteris' Williams cuts 90% cash position to snap up UK stocks during October falls

Manager anticipates post-Brexit tailwinds

Ian Williams, CEO and fund manager at boutique wealth manager Charteris Treasury Portfolio Management, has been buying into UK equities on the expectation of a flood of money returning once the UK leaves the European Union in March.

There has been much debate about whether the UK will achieve a 'hard' or 'soft' Brexit or whether any deal will be reached at all by March 2019. But Williams said the most important factor was the removal of uncertainty, regardless of the type of deal achieved.  In his private client portfolios, he had been holding up to 90% in cash and said he was "under pressure" from investors to put this to work. Square Mile: 42% of UK equity managers sensitive to outcome of Brexit However, he held off until early October when the FTSE saw a 6.7% fall between 3-11 October and latterly droppi...