UK equities are significantly undervalued and will offer better prospective returns than most other asset classes.
This is what co-portfolio manager of Fidelity special values and Fidelity special situations fund Jonathan Winton said during Square Mile’s roundtable on 24 January.
Winton said following the “five painful years” after the Brexit referendum in 2016 for UK equities, the asset class has been outperforming.
Personally, he thinks the UK offers investors a reason to get excited and that the UK market is still trading at a discount.
“The UK looks generally very attractive compared to the rest of the global market,” Winton added.
During the same roundtable, Square Mile strategic relationships director Jock Glover discussed investment trusts and the advantages of them.
Glover said: “Investment trusts should be considered by asset managers and investors especially as they hold illiquid assets.”
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