State of UK Politics Favours Balanced Approach

Franklin UK Equity Income fund manager Colin Morton is preparing his portfolio for a range of political outcomes, from a Corbyn victory to a soft Brexit

David Brenchley 21 November, 2017 | 9:03AM
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In the past year, we’ve seen a divergence in performance between internationally focused companies and domestically facing ones, with the former basket coming out on top.

Some prominent investors, like Neil Woodford and Mark Barnett, hold a positive view for the UK economy’s prospects so are favouring areas whose fortunes depend on its good health.

Others still feel it’s prudent to invest in companies that source most of their revenues in dollar terms due to sterling still being lower than its level before the EU referendum despite a more recent re-rating.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC313.55 GBP0.00Rating
Franklin UK Equity Income W Acc2.30 GBP1.02Rating
HSBC Holdings PLC451.20 GBP0.00Rating
Royal Dutch Shell PLC B1,368.40 GBP0.00Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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