Schroders: UK Stocks Will Rise 4% a Year for Next Decade

Value investor Kevin Murphy says UK stocks are looking more expensive but the Schroders team expects domestic equities to rise 40% over the next 10 years

Emma Wall 27 September, 2017 | 4:24PM

With the market at all-time highs, are there any value stocks left? Or are we on the cusp of another downturn – in which all UK equities will suffer? Kevin Murphy, co-manager of the Schroder Recovery fund says the stock market may have exceeded the highs of 2000 and 2007, but company valuations have not.

“Looking at the market as a whole is not the best way to judge whether there is any value left in it,” Murphy explained today at the Schroders Investment Conference in London.

“The market is cap weighted, the level of the FTSE All-Share says nothing about the breadth of the opportunity set available.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Provident Financial PLC194.00 GBX0.83
Tesco PLC212.50 GBX-1.16

About Author

Emma Wall  is former Senior International Editor for Morningstar

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