It's time to 'learn to live with macro headwinds' in UK equities

Global asset allocators have taken a consensus underweight position to the FTSE, with the UK at its most unloved point in decades relative to other developed markets.

However, for the contrarian investor, macroeconomic overhangs often signal a potential buying opportunity. Given current market dynamics, my conviction is the UK is in a startlingly good place and offers tremendous relative value for long-term income investors.  Square Mile: 42% of UK equity managers sensitive to outcome of Brexit Yes, there are challenges. Brexit uncertainty will continue to cloud the economic picture and the threat of a left-wing government coming into power with a mandate to hike taxes and nationalise large parts of the economy is concerning.  However, as long-t...