Sell UK for Japan, says BMO GAM

BMO GAM's multi-asset team are underweight UK equities. Instead, they prefer Japan, Europe and emerging market stocks

David Brenchley 12 January, 2018 | 10:44AM

Prime Minister Shinzo Abe's ambitious reforms continue to buoy Japanese equities

It was difficult for equity investors not to make money in 2017. Very few equity indices around the world ended up in the red. Of the developed markets, the UK was the worst performing and many are currently cautious on the outlook for the region.

“Even in a world of synchronised growth, the improvement of Europe’s economies stands out,” BMO Global Asset Management’s multi-asset team said this week. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR276.48 USD-0.45
Tencent Holdings Ltd583.00 HKD-0.51

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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