Buxton Backs Britain: Now is the Time to Buy

Political uncertainty and question marks around Brexit still weigh on investors minds' but Old Mutual's CEO is siding with the corporates' view; UK Plc is alive and kicking

David Brenchley 20 April, 2018 | 9:57AM
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Brexit is not a threat to the UK stock market European Union United Kingdom referendum flag

Sentiment towards UK equities continues to run at near record low levels amongst global institutional investors and wealth managers. But far from gloomy, Old Mutual chief executive Richard Buxton believes now is just the time to “fill your boots”.

Portfolio allocation to UK equities was at a historic low in March, according to Bank of America Merrill Lynch’s global fund manager survey. While that moderated in April, a net 33% of managers still say they are underweight the region.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC199.52 GBP0.00Rating
Merian UK Equity Income P GBP Acc2.21 GBP0.45Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk