What the 'lipstick effect' means for UK equity income

It says something about the challenges the UK market faces when Brexit is not the biggest risk investors fear.

While the UK leaving the European Union arguably presents one the greatest tests Britain has faced as a nation from a market perspective, a far-left government under Jeremy Corbyn is decidedly more worrying. Allianz GI's Gergel takes profits from large caps to boost mid-cap exposure The reality is higher taxes and increased regulation, and further obstacles to investment would be inescapable with a Labour government driven by such left-wing economic ideology. This is a far more daunting prospect than Britain going it alone in Europe. With all this in the mix, it is no wonder overse...