R&M's Rodrigs: Reasons to be optimistic on UK in 2018 despite Brexit headwinds

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River & Mercantile's Philip Rodrigs remains upbeat on the UK equity market, despite many investors predicting a correction in 2018, but said he continues to focus on companies with overseas earnings to avoid the potential risks flagged in the UK economy.

The manager of the £320m UK Dynamic Equity fund said he is "mindful" of political risk, as many worry about a potential General Election leading to a Labour victory and the multiple scenarios that could play out as a result of Brexit, but said he is not in the habit of "speculating on the possible outcomes". Instead, he has been retaining exposure in global companies to position the portfolio away from any UK shocks. "We are optimistic on the outlook for 2018 and the portfolio has been geared towards that. "We have been enjoying the fact the UK market is very global oriented. There...