UK equities: Overvalued or still in the ascendancy?

THE BIG QUESTION

With the UK equity market recovery still at the forefront of investors' minds, Investment Week asks the industry whether their views on domestic equities are due a reappraisal.

Max King portfolio manager and strategist, Investec AM multi-asset team Large-cap earnings struggling The UK still suffers from structural weaknesses; notably a low rate of savings and investment, a refusal to recognise its competitive strengths and weaknesses, deeply divided politics, and an overvalued exchange rate. The political class still hankers after a bygone industrial age, and taxation and monetary policy favours borrowers over savers The odds are, as so often before, economic success will lead to complacency and a new cycle of disappointment. The principle problem for U...