Premier Miton's Rayner: Why we have largely avoided UK equities

Brexit and pandemic risks

When we search global markets for macro and thematic ideas, we try to be as unconstrained and objective as possible.

This is probably no surprise but neither of these come especially easy to human beings, and we are no exception. However, we do think carefully about some of the typical behavioural pitfalls for investors and we try to be as self-aware as possible.  These biases can show up right across the investment process, from idea generation and scaling positions, to sell disciplines. For example, one bias that impacts global investors is something known as "home bias", a phenomenon where investors tend to consistently prefer their home market, partly driven by the better-the-devil-you-know r...